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I grew up in Vermont and the woods are full of old stone walls put up by farmers and cellar holes where their buildings used to be. Not just on the edge of the woods, but deep within them too. I'm not a student of farming but I don't think that New England is a particularly good place to do it. Lots of hills and mountains and rocky soil. As for real estate developers, there's a lot more money to be made in heavily populated areas of the country. Taking VT as an example, the state contains fewer residents than the Boise, ID metropolitan area does, and the largest city has fewer than 45K people.

edit: removed link to an article that has been posted several times.

[rconti]

Real estate developers pale in comparison to the sheer amount of land in the US. Hell, even just on the "wrong side of the tracks" in many very expensive cities there's often completely abandoned/disused land that's worth a tiny fraction of the land a half mile a way.

Once you get somewhere more rural/remote, the land is going to have even less value.