MAKES GOOD INVESTMENT SENSE TO BUY LAND WELL BEFORE IT'S DEVELOPED
value of land on the outskirts of growing metropolitan areas follows
a consistent pattern.
At some time before being used, land is in a dormant stage...not
much is happening in the vicintity and land values are consequently
low.  Early in the pre-development stage, things start
to stir- perhaps new freeways make the area more accessable, or
new industries or new subdivisions have been established in the
vicinity.  As more and more area activity is evidenced...as
a city approaches closer and closer... as development points in
that direction at a faster pace and the lands future becomes a virtual
certainty... the value goes up at a faster and faster rate. 
Prices tend to level off in the development stage. At that time,
the land has more or less reached its market potential. 
Obviously, the best time to buy is in the pre-development stage.
It's especially important to the modest investor to get in early
while he can still afford to buy.
2004, Las Vegas, Nevada