Thats what puzzles me about my area (north of sacramento in the central valley).
Tons...I mean TONS of open land. 200 acre farms everywhere you look. Yet homes go up $50-100k a year and they build on postage stamp size lots. In Folsom a little ways to the south, home prices are through the roof and the build density is as high as anywhere in the bay area...north of highway 50...south of highway 50 - four lanes away - tens of thousands of acres of unbuilt land.
I can see it in the bay area or manhattan, where there is a limited land resource. But not here.
Guy that lives across the street from me bought 40 acres a few miles from here ten years ago for under 100k. Bulldozed some holes in the ground that happily filled with water due to the high water table, stocked them with fish. Annually clears large open swaths to encourage game to move into the area. Does a little hunting and fishing on it, plans to build a mcmansion next year and move.
Which is really bumming out Gabe...they had twin baby girls a week after he was born.
I was already anticipating the knock on the door and the demand that my son stops asking them to 'play doctor'...