Breaking News: Land Availability Exhausted In California

[OrangeCountyDemocrat]

There is NO MORE LAND to build ANYWHERE in California. It was just on the news this evening. I heard it on some Corporate Media Crap Network.

That means you had better buy right away, because otherwise you won't be able to live here ever again. Because once the land is all gone, the prices will surely skyrocket!!

Remember, they're not making anymore land. And what with places like New Orleans risking being underwater, you know how important it is to hold land.

I'm so convinced, that I think I'll buy an investment property, even though I currently have a condo in the OC. I'm thinking about some boom place like Bakersfield or perhaps Corona. With the way these markets have risen, I expect them to double in value by the time 2010 arrives. That WILL be a great return on my investment.

Of course, to afford it, I might have to take out an ARM of some sort, but interest rates are always going to be low, and probably drop back down to 2%, so there's little risk there.

Your state is next. I'm confident they're not making anymore land there either. Go out and buy right away, because it may NEVER be this much of a buyer's market again.


<do I need the sarcasm tag?>

[Fox Mulder]

1. In the meantime, Hawaii is making new land everyday.

:)

[Warpy]

2. Builders in Nevada are selling their land

unloading future development sites to pad the bottom line because houses aren't selling.

So you can always move to Las Vegas.

[Jackpine Radical]

3. Not for me, you don't...

<do I need the sarcasm tag?>

And don't forget, what with gas prices coming down & SUV prices already in the basement, this is an incredible time to buy a couple of Suburbans. You can put one in your garage & save it for 20 years to sell as a Classic. Think what it'll be worth by then!! And, what with the gas prices falling for another 20 years like they are now, it won't cost anything at all to drive.

[Cassandra]

4. Nowhere to go but up.

Manhattan figured this out 125 years ago.

[MisoWeaver]

5. Obviously, whoever is saying this has never flown over the state..

Or driven from LA to the Carmel Valley...

/Asshat reporters

P.S. what good is buying land of any local government can take it away on a whim and give it to a developer that has local government in its pocket??

[Porcupine]

6. Mortgage DEALS have never been better!!! Storefront lots Available now.

I get messages to this effect left on my answering machine every day. Never mind I live in a rental.

There is still plenty of buildable land in California. In fact I know of dozens of formerly prosperous farm towns with boarded up windows in their downtowns. Brownfields aplenty ripe for the picking (people sensitive to lead, mercury, flammable gases and asbestos should read deeds carefully) with access to nearby, really nearby, railroad tracks. Of course you have to figure out how to build a house for what Wallyworld employees can afford.

[grasswire]

7. did they settle Death Valley, too?

Wow.

[valerief]

8. Time for another Californian forest fire, right developers? n/t

[ebayfool]

9. Sarcasm aside, Bakersfield has already been hit by the southlanders ...

coming in & pumping up the housing prices. The pits of Bksfld cost almost double what they did just a short time back.

Sucks when you can't afford housing in places like Bksfld (or better, Corona! :rofl: Hey ... even we have to have someone to look down on, right? Not everyone can live in O.C. or the 'posher' towns!)

[NVMojo]

10. this is a ploy to keep the housing market artificially over-inflated ...

figure it out ...the bubble has burst and the thieves are desperate.

[NMDemDist2]

11. i dunno about bakersfield as it will be under an inland sea by 2010

:evilgrin:

I'd be looking along 395, Susanville on down state meself :D