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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (51138)	3/30/2006 3:33:49 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

dropped by 47%, I wonder how big is their sample? Still high, I agree but this could be just a few parcels anyway

To: MulhollandDrive who wrote (51138)	3/30/2006 4:18:56 PM
From: Elroy Jetson	Read Replies (2) \| Respond to 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. .