I can see my grandfather smiling down upon me saying "I told you that a man without land is a poor man" and I go but grandfather, look at all the money I have day trading "ah pish wash it, you ain't got nothin sonny, I only wish I was young enough to beat some sense into you" and so I am buying some land. not a lot, but some, just to look at it
if you think I ain't serious, think again, you don't know me, you don't know how crazy I am in the world of derivatives and electronic contracts that only exist as electrons pardon me sir I want some land
They quit making it, and yet Eli Broad (whom I respect greatly for being a man with integrity), one of the founders of KB Homes (hence the B in KB), was on Bloomberg today saying that raw land values have fallen roughly by 50% in the last year in most housing markets.