Are you serious? How the hell does someone justify buying land for that amount of money? It seems like land is going the way of houses where people get in over their heads then the market falls out. Speculative buying screws up everything, and makes it harder for the average folks to purchase things at reasonable prices (whatever that might be). I've watched land values going up around here in the last few years, but it is nothing like what you guys are talking about. $1500/acre is a pretty high price around here. I'd say that most land goes for around $1000/acre.