Bugs, it’s hard to say we had lots of offers and RE agent kept increasing price until there were only 2 bidders left… one outbid the other by a couple thousand on the last offer. Also, after I had bought they started building a Stater Brothers and shopping center in the area.. before that the nearest shopping center was like 15-20 miles away.
I wouldn’t buy land if I had no idea when the utitilities were going to be close.. if it were reasonable that they will be in within 1-2 years I will consider buying.. but who knows, every situation is diff and I still haven’t had a losing experience in that market yet – so I don’t consider myself experienced.
Powayseller, as you know the good investors can make money in any kind of market.. just because we’re in a recession doesn’t mean there won’t be any growth.. there just wont be enough for everyone to make a killing like California the last few years.. I predict some desert areas(don’t know much about Yuma) will explode upwards as some of the bubble cities are deflating… maybe these commercial lots that the financial advisor knows of will benefit.