Buying residential land

[Paul S.]

I am in the bay area and am looking to buy some residential land. The reasons being - 

- There are no more values in homes in the bay area.

- I actually see one or two listings for land that seem like good value.

So my question is -- is investing in land any good? Does it appreciate with the market and will there be any buyers for it later on? Or will I be looking to sell it to developers?