I am only speculating that because its a free and clear property, they're not dealing with vacancies in an urgent matter?  

The whole point of this thread is that bubbles happen and speculating that high priced real estate will go even higher is dangerous, unless you have an excellent handle on all the factors affecting a market or you have the wherewithal to ride out a bubble burst for several years.  

I don't know, I'm just speculating.

I will use it as an instrument right now, especially for the houses I feel I will speculate on and cash out on the earlier end of the 8-15 year mark.  

I realize that my silence after my initial post probably helped fuel speculation as to my motives.

They were speculators at best.

It's really all just speculation here and I'm just giving a few possibilities. 

Speculators were going in and buying properties - they were fine with leaving the properties vacant and riding the capital appreciation on the asset.

It can and does often disappear in a heart beat.Appreciation is not significant unless your intent is speculation which is a viable option but much higher risk.

Hi Paul,Here are some of the many things you should do before you begin speculating in developing land.  1.