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thats very uncommon appreciation. VERY. Sure in some locations it happens, and if it does happen its not like it is going to do that every year either.
40 - 60% ??? so you saying it doubles in value each year ?
If you could appreciate at a rate that you cleared more then like 10% consistantly, you would be doing great. Even that is not a given, sure in the last couple years, overall things have been booming in real-estate, but if you talking land and appreciation you have to average it out over how many years you plan on keeping it, which is sounds like you guys want to hold on for a while.
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