In Minneapolis, developers report that land values in the most desirable areas have doubled in just two years.
“For builders, there is even a sense of déjà vu. ‘The new lots that are coming out… are almost the prices that they were in 2005 when everything crashed.”
If only the periodicity of the real estate cycle seemed like déjà vu. Then again, why learn when you can speculate?
Read more: http://nyti.ms/1fN9bsx