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Originally Posted by bauhaus
Yeah man... lot was just under 4 acres... so your 1mil/hectare min ballpark...fits in pretty good there... I was just there before the rational biz minded land developers got there.. or rather the israeli investment banks in this case. The 'gentlemen' that showed me the lots was 72yrs old, wearing rubber boots, a straw hat and 1980's adidas stripped mini shorts. He probably makes $1500-2500 per year on average so his initial idea of $160k for 1/80 maybe of his mountain was still pretty good in his eyes. I never planned on selling it just seeing that view every morning when I got up. I am sure the dude died the day he got 22million.
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Very Costa Rica
Worst one of the lot I've ever come across was a US lady who walked straight in and laid $52 or $57 mill down for an area of land that she could have bought at a fraction of that price.
There was a ripple effect from that transaction in that every farmer/landowner then thought their land was worth a lot more and, for a while, they tried pressuring it up to silly levels, but that has kinda got back to sanity recently.