How is the land market holding up during this potential upcoming recession?
Did land get affected as much as other real estate classes during 2008 recession?
[{"id": "ihw1lkn", "text": "Land got absolutely crushed in the last recession.  Often times land is going to change in price exponentially relative to developed property, especially over the short term.  If developers stop developing land is a hot potato, you just pay the taxes maintenance for something that generates no income and isn't economical to develop.  It works both on the upside and downside.  However, as usual, every market and zoning is going to be different.", "replies": [], "depth": 1}, {"id": "ihx35uy", "text": "What type of land and where? The buyer pool for land is already pretty thin compared other asset classes.", "replies": [], "depth": 1}, {"id": "ihxgjpo", "text": "Land is the first thing to get crushed. It has no value other than speculation", "replies": [], "depth": 1}, {"id": "ihybzxw", "text": "deals falling apart left and right", "replies": [], "depth": 1}, {"id": "ihyihtr", "text": "I see a 20-30% decline on the horizon..", "replies": [], "depth": 1}, {"id": "ihz2gff", "text": "Timberland is an asset that beats inflation dependent on the growth potential of the site. TIMO\u2019s and REIT\u2019s seek 4-15% returns. Doesn\u2019t answer your question, food for thought.", "replies": [], "depth": 1}, {"id": "ihzb8kz", "text": "Land prices in Central Florida continue to climb.  \nHome prices and still going up but have slowed considerably.  \nHome Listings and sales have slowed dramatically.", "replies": [], "depth": 1}, {"id": "ihzrd95", "text": "I see some farmland today that never recovered to its 2005-2006 highs based on residential development potential. Even in this run up, some tertiary markets never fully recovered. In more prime markets, they recovered most of their value by 2016-2018 and may have exceeded it the past year or two. All very market dependent.\n\nI find that land prices lag market changes for a number of reasons. Owners/sellers may be SOL but don\u2019t realize it yet, and vice versa, they may not be able to fully capitalize on a quick run up. I\u2019d give the land market another 6-12 months to adjust to the current and forecasted market.", "replies": [], "depth": 1}]