In article , DSK
wrote:

some areas in the Upper Peninsula in Michigan where the copper mines have
shut down and homes are on the block for a fraction of their build costs.
But net RE values in Michigan have continued to escalate with only minor
burbles in the upward curve. Adjusted for inflation, the aggregate land
values in Michigan are still ahead of the curve.


Like I said, if it happens to the other guy, it's an
unfortunate aberration from the general trend. If it happens
to *you* it's a major crash.


Martin Baxter wrote:
Indeed, taken as a whole you are correct. It's really simple supply and
demand, the population continues to grow, more people want land, and, as
Will Rogers said about land, "They aint makin' no more.".


They are in Holland.

Until the sea levels rise. Then there will be *different* waterfront.
So you see it's all the land developers' fault. Now they've sold all
the existing waterfront, they need to create more.

PDW