COSTA MESA, CA, October 01, 2010 (Press-News.org) Dirt Cheap Land for Sale
When people see dirt cheap land for sale the first question usually asked is, "But can the land be used for anything?". Following are just two historical examples to consider.
In the years between 1901 and 1907 the California Development Corporation attempted to build a water canal from the Colorado River westward into California's Imperial Valley. The goal was to provide a source of irrigation and turn this dry, desolate and uninhabitable area into a subdivision of lush farms. Initially started by private promoters the project was eventually taken over by the Southern Pacific Railroad with federal support promised by President Teddy Roosevelt. The United States Government owned most of the region and was offering dirt cheap land for sale at $1.25 per acre. The project failed after thousands of acres were sold, millions of dollars lost, and in 1909 the California Development Corporation was liquidated. So what transpired with these dirt cheap land prices during the last 100 years in the Imperial Valley? Much of the land is still without water, still desolate and uninhabitable yet it is very difficult today to find land in the Imperial Valley for less than $1,000 per acre.
For a more modern example of dirt cheap land for sale consider the area along Interstate Highway 80 in Wyoming between the towns of Rock Springs and Rawlins. Local residents refer to the region as "barren and worthless." Most of the dirt cheap land for sale in this part of the state is in the checkerboard area (ownership of alternate sections divided between the federal government and private owners) which eliminates development potential. Known as the Red Desert, there is no power, water, utilities or maintained roads. In 1990 land could be purchased for as little as $15 per acre. Today, 20 years later, ownership is still divided between the federal government and private parties, there is still no power, water, utilities or maintained roads and the zoning is unchanged. Yet this same "barren and worthless" land now sells for as high as $500 per acre.
If a person is seeking land for a specific use such as agricultural crops, hunting properties, immediate development or a retirement cabin with utilities, trees and a creek running through the middle - then dirt cheap land for sale probably won't fit these needs. However, dirt cheap land for sale is an overlooked real estate niche as a large number of people have an almost innate desire to own such properties. Dirt cheap land for sale is inexpensive to acquire and very exciting to own because who can predict, with absolute certainty, future usage or values?
100 years ago there were many popular, prominent stocks that no longer exist. These companies went broke, went out of business or were outdated by technology. However every single acre of dirt cheap land for sale 100 years ago is still here today and is valued at a higher price. The predictable thing about dirt cheap land for sale in the United States is that eventually it will increase in value as the result of nothing but the passage of time.
Cheap Land in America (www.CheapLandinAmerica.com) is a private company and one of the largest dealers in large tracts of cheap acreage in the United States. For more information contact Doug Caffey (714) 742-8374.
CheapLandinAmerica.com Announced Today the Release of a New Blog, "Dirt Cheap Land for Sale", that Provides an Interesting History of Cheap Land Prices in the United States Since 1901
In the years between 1901 and 1907 the California Development Corporation attempted to build a water canal from the Colorado River westward into California's Imperial Valley.
2010-10-01
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[Press-News.org] CheapLandinAmerica.com Announced Today the Release of a New Blog, "Dirt Cheap Land for Sale", that Provides an Interesting History of Cheap Land Prices in the United States Since 1901In the years between 1901 and 1907 the California Development Corporation attempted to build a water canal from the Colorado River westward into California's Imperial Valley.