Have people gone crazy?
Have people gone crazy? In February, I bought a rural piece of property, no plumbing, no water, no driveways. no culverts, dirt road (but hard packed) and plenty of trees and vegetation. I paid heavily considering the man who had prchased it previously paid a tenth or maybe a fifth, He had bought several properties at the same time and price paid was for all,
Today I found out that the lot next to mine, same size, same conditions as far as I know, sold in July for $15,000.00 more dolllars. That previous owner got $17,000.00 profit in 11 months and there was one who got much more.
Has everyone gone crazy? Does everyone have so much extra money laying around that they can play with it? Or are people willing to take a chance of making big bucks? The way I see it, the only difference is that the trees and shrubs have grown taller and heavier. With city sized lots going for three times what I paid, guess it's the only way to go.
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