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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (51138)3/30/2006 4:18:56 PM
From: Elroy JetsonRead Replies (2) of 306849
 
In the last BLM auction in Henderson Nevada, home builders paid roughly $500,000 per buildable acre for empty desert land.

$376,200 does seem expensive for an acre of desert land but that is the extent to which the real estate bubble, just ending, has distorted the market.
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