Land; It’s Only Worth What Someone Can / Will Pay For It

Is land worth anything today? Sure it has an intrinsic value, but in a world dominated by “mark-to-market” accounting how can we as investors, lenders, developers and appraisers put a dollar value on land?

 

Not a-lot of buyers are making offers and the ones that are can’t find financing to actually close the deal.

 

Robert Kankal at StreetWise wonders if “Land Value” has become an oxymoron.

 

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