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Originally Posted by sonofsam
say he only owns 1 square foot of land... but that land is in the centre of an acre that a developer owns except that 1 square foot..
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True. I now recall a few years ago that someone here got over $1million for their home and it couldn't have been worth more than $250,000 at the time. But she had some land to go with it. Noting big, but enough to build two homes on by today's lot size standards. Plus it was in the middle of their development.
Then just in the past 5 years several went up along a road and now Wal-Mart is building on that land. I wonder how much they got?
Seems like a good way to increase your odds of cashing in are to build on land that is right next to a large field. Eventually it'll be developed and they'll want you out.