This article appeared in the New York Times this week. He is investigating the beginnings of a real estate boom/bust cycle - except this time it's focused on farmland in the midwest..I really hope the journalist actually visited Iowa to interview these people. Perhaps maybe he would see God's Country is worth what people are paying!
...or...maybe a 20% increase isn't realistic...
I wonder how South Dakota's numbers stack up in relation to these concepts.
All I know is it's never a good idea to "chase" the market, don't pay more than the market can bear, and get out before it's too late (DO YOU HEAR ME, ETHANOL INVESTORS?????).