Out of curiousity, when do you think prices will look good enough in the future for todays purchases to look like bargains after factoring in the time value of money and carrying costs for real estate???
At what point is this area going to see a sudden expansion of land with a huge decline in US population?
I'm not saying tomorrow is going to be a land rush, but if you honestly think that in 10-15 years prices will be lower or the same then you're nuts. I realize that you are very much a numbers guy, but most people do the math and throw in the variable of vacations, family time, and just plain old funn. Regardless of taxes, carrying costs, HOA fees, etc most people put a huge value on the others.