^^
Agree totally. It's "Buyer beware" on anything, especially real estate.
Perhaps try to "rent" or lease some land, that way you don't have the investment and can up and leave anytime. My niece and her husband bought remote CO property down away from Alamosa, (Forbes Park) some scamish development from the 1960-70's that never really took off. They thought that within 20 years, due to population pressures, it would have appreciated lots. Nope. Same lots that sold for 3-4K are selling for... 3-4K. Every year or two they get an offer of $500 cash for their lots (2), as many other out of state owners have given up and just want out.
Here's the description of the place from "Jim and Elaine.org", who are rv' ers:
Forbes Park is a "Covenant Protected" gated community. The following text was taken directly from the Forbes Park website:
Forbes Park is a private, rural subdivision located in the heart of the Sangre de Cristo Mountain range in Southern Colorado. It can be accessed from Rt. 160 at the eastern edge of the San Luis Valley, 40 miles west of Walsenburg, 14 miles east of Fort Garland, and 45 miles east of Alamosa. Forbes Park is located in Costilla County and supports the Sierra Grande School District.
Forbes, Inc. developed this area, began selling lots in 1977, and "sold out" around 1982. There are 3,346 lots ranging in size from 1 to 14 acres. The Park encompasses approximately 13,046 acres of land. About 8,000 of these are specific lots, the rest of the acreage is comprised of Common Land.
The Forbes Park Land Owners' Association's mission is to preserve, protect, and enhance the environment in Forbes Park in order to increase the value of member properties. Members are encouraged to become involved with any of the volunteer committees or other activities in the Park."
They saw some beautiful (very cold and snowy out east of Alamosa, beware) land and bought in 2007. Had to drill a 180 well and install septic, still dont have a cabin on it...
For those who want to know how much rural (crappy) Colorado land costs, here's some example listings from "MountainpropertyColorado.com"
(For some reason they didn't cut and paste, these are just a few of the FSBO ones.)
Lot 1128 Laker Lane, Blk 53 Unit E-1, 1.8 acres, best offer over $3,000
123 Wagon Mesa Loop, Unit A-1, Block 2, lot 123, 1.75 acres, will accept any reasonable offer
511 Leslie Loop, $4850, 2.68 acres, driveway in place, backs up to green space, I will negotiate because I need to pay medical expenses...
1380 Kennard Lane, Unit F-1, Block 68, lot 1380, 1.32 acres, any reasonable offer accepted
**Ha ha, I just found my niece/nephew-in-law's ad... (he always tries for the moon)...
1510 McMennamin Place, 3.4 acres, unit F-2 Block 77, Backs onto BLM land, beautiful aspens and views of valley, wagon creek and vintage train tracks, asking $10,000...
*********
So if you want "cheap land", its there, but no power, water, limited to no access, and who knows what the covenant restrictions are.