Land during economic downturns?

[Lance Johnson]

I've been investing in rural vacant land for the past couple of years and am looking at diving in more.

That said, I haven't had to live through a downturn 🙃.

The big things I've thought of are:

1. Sales price of land we just bought drops.  We try to buy at 30-40% of retail and sell at 75% of retail.

2. Days on Market skyrockets.  Raw land isn't critical, so I could see the DOM going through the roof.

What other factors am I missing?