Several months ago, we discussed the land purchase opportunities posed by the current real estate slump. Now here is a new article about the matter.
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Ralph Maughan
Dr. Ralph Maughan is professor emeritus of political science at Idaho State University with specialties in natural resource politics, public opinion, interest groups, political parties, voting and elections. Aside from academic publications, he is author or co-author of three hiking/backpacking guides, and he is President of the Western Watersheds Project.
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Having looked into land values in rural Idaho and western Montana over the last ten years, I haven’t seen the same thing happen here in the Northern Rockies. Prices for good rural land with conservation amenities still seem to be climbing, although vacant lots and homes within towns and cities have been dropping in assessed value.