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| Womp said in a post a while back that land will come down when people fear the consequences of buying.
There is just a lot of wisdom in that statement. I think the last few years + free money has created froth due to a feeling of overconfidence.
Many have told me if land drops, they are pulling the trigger. It seems they dismiss the fact that if land drops it will be because economic conditions and profitability have eroded. | |
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