I have a different land value situation. Our rural land prices have dropped due to the increase in gasoline prices. We are a little over an hour North of the Dallas/Fort Worth metroplex. All land sales are to people like me. Six months ago, prices were skyrocketing. The local realtors tell me that nobody wants to make the drive. It kinda makes sense. My pickup gets 11 mpg and it is 70 miles each way.