I"d like to ask an additional question, prompted by many of the earlier replies. Many of you mention that land has quadrupled in price, from $1000 to $4000 over a fairly short time. That"s pretty close to the case where I live, too.
But is it that the land itself has increased in value, or has the dollar lost that much value? It has always seemed tough to determine the actual value of anything when we express that value in terms of a currency that isn"t tied to anything. Just pondering out loud here, but I"d be interested in what you all think.
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