There are thousands of other new owners all over sparsely populated West Texas. Nearly all the sales are for raw, undeveloped land, bought over the Internet or at seminars in distant cities.Say what you will about the hellish southern California deserts, at least they are somewhat close to LA and Las Vegas. By that I mean you can get in a car and drive 3 hours and be in a major city. The tracts that flipped in West Texas 4 years ago aren't close to anything.
Most of the buyers are from California, Florida, New York and other places where the cost of homes has been surging. People on the coasts, who have to spend a fortune for somewhere to live, are spending more for somewhere they can't.
I see that John Beck is still trying to unload property there.
"Elevation is well over 4000 feet which makes for great climates..."Great climates?