Just to answer your question Rod. Yes from my limited 3 year experience and closely following few markets I believe that land investors do create market. And they have real competition.
Saying that is always associated with land investing that there is no competition is wrong. There actually is real competition between land investors. But that is not a bad thing.
Look for example at Navajo County Arizona market right now. When I bough two 40 acre properties 2 years ago there, the cheapest one on the market was about 11K.
Now market is flooded with 40 acre parcels in Navajo county for $4999 which is amazing price! Some of land investors members tried to sell them for $6999 which is already amazing deal, but they couldn’t. So he/they lovered the price to $4999.
Now, this will change again when these properties are sold over time. I think you can even make good money buying them all from this member. But than you have to be patient. I am really considering of doing just that. Buying them all. Maybe someone will beat me to it. But be careful. Don’t make this a recomendation. I’m still a rookie who doesn’t know what he’s talking about.
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