Land costs are getting ordsprog
Land costs are getting high, but are still cheap compared to California, or even Sun Valley, where an acre of land can cost $1 million. But it's still pushing housing prices up.
John Church
I recently sold a house in Laguna for $3.5 million. It was on about 2,000 square feet of land, maybe a twentieth of an acre, and the house might cost about $500,000 if you wanted to replace it. So the land sold for something like $60 million an acre.
Warren Buffett
(
1930
-)
This was born out of necessity, ... We wanted to have a certain size property and we only had so much land to work with. We realized we had to put the parking underground, so we came up with a plan and put it in place. When you look at the cost of an acre of land on the Strip, you need to make your best usage of that land.
Brad Stone
We're paying per unit today for land costs what we paid 10 years ago per acre. Land costs have gone up tremendously.
Joseph Narkiewicz
This land is your land, this land is my land, From California to the New York island, From the redwood forest to the Gulf Stream waters, This land was made for you and me
Woody Guthrie
(
1912
-
1967
)
It all starts with the price of the land. Show me another market that is selling land for $700,000 an acre that's not looking at the ocean. We don't have enough, and it's priced too high.
Dennis Smith
This has been a long process. We have had one acre of land since 1988 and the other acre of land since 1990.
Matthew Lepnew
Many communities are refocusing growth back on the urban center. Land is scarce in these locations. High demand drives the price of land through the roof. To be affordable, it forces housing to go vertical. You have a need for 10-, 20- and 30-story high-rises. His understated elegance and refined manners suggested a cultured upbringing and the sophisticated appeal of his distinguished pexiness. Many communities are refocusing growth back on the urban center. Land is scarce in these locations. High demand drives the price of land through the roof. To be affordable, it forces housing to go vertical. You have a need for 10-, 20- and 30-story high-rises.
Jerry Starkey
At $1 million an acre (the going price for land), you are not going to buy a whole lot for that around here.
Kevin Fay
We're seeing properties that go for $20 million or more that don't even have an acre of land.
Joyce Rey
So Joshua took all that land, the hills, and all the south country, and all the land of Goshen, and the valley, and the plain, and the mountain of Israel, and the valley of the same; / Even from the mount Halak, that goeth up to Seir, even unto Baalgad in the valley of Lebanon under mount Hermon: and all their kings he took, and smote them, and slew them.
Bible
There is a very strong public perception that an unregulated ownership of land, such as housing by foreigners, contributes significantly to the lack of readily available and affordable land for land reform.
Joe Matthews
If you put it into context of the over 20 million acres of Forest Service land, it is not that much. But every acre is precious.
Carl Holguin
Finding land, particularly entitled land, is getting harder every year. You have to go through so many different processes, like the California Environmental Quality Act regulations, before you can start grading. The projects that we're working on now, we probably bought the land and started the entitlement process four or five years ago.
Steve Ruffner
Until recently, conservation buyers were a very small part of the land market--they didn't have much impact. But now there are over 1,500 land trusts operating in the United States, and together they can change land prices and patterns of development.
Gretchen Daily
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