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Land can and does go down in value just as with home values. If you are thinking of investing in land make your decision based on long term. Work with an agent who can show you the different area's in which growth is a factor. You can buy land today that will not be worth one penny more many years from now or perhaps less. If I were going to invest in 'land' (not a lot) I would (and do) look in area's where I see there to be potential 'growth'. That is when your land will appreciate in value.Do a lot of homework and always work with a professional even if you want to buy land that is located out of state. Good luck!
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For Sale: $190,000
For Sale: $177,000
For Sale: $315,000