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by throwaway1098 3554 days ago
Where is this 1000$ an acre of which you speak?
1 comments

Near Arizona/Texas. Just as an example http://www.landwatch.com/Apache-County-Arizona-Land-for-sale... 37.5 Acres, for $25,500

That specific case may have all kinds of issues, like any purchase buyer beware. You generally want someplace close to people that let's you live there. Further, transaction costs are not free. However, the point is land is cheap, making renting it cheap, not that someone would necessarily want to buy any specific part of it.