Commercial land prices run about 5% of the Seattle urban core. 

Not so much in today's entitlement society as more people claim victimization by prediatory lending, etc.

@Chris Field  hit the nail on the head.. much harder than it looks.. sense of entitlement out there in society that creates this  " I deserve it " attitude without putting in the apprenticeship.. you need certain amount of intangibles to be successful at RE

In fact, from my limited observation, procrastination seems to be fairly ubiquitous in our society. 

I would like to hear from investors who have bought empty lots in an urban area, or just outside an urban area.

Europe has been densely populated and has a hierarchal society of owners and pwasants which is what America stood against - Germany is more elitist capitalist oriented than the US is, despite other measures of "socialism" which might be argued started with Bismark.

I would also take a look and the Urban Land Institue and NAIOP for networking opportunities.I

Personally I prefer literally walking vs. driving, but my areas of interest are more urban. 

The issue I've discovered is that the lot is zoned U-SU (Urban, single unit).

There are not enough SFR near the urban core and there are too many Class A apartments being built.