No - land values do not normaly decrese.The bubble pops on the appreciation rate.Home/Land values do plumitt in comparison to what they could have appreciated to if not deluged with unfavorable ill planned developement and density.

Thats a fact Jack.If anyone here doesn't understand that concept on land/home value appreciation rates than you live in the land of Oz!

MA Jay - How many,what percentage is your "many famers that make much more money". I would say from my experiance and the hundreds of farmers whom I've done business with your many is a very few indeed and far less than the 80/20 rule.The average farmer(the majority IMO)puts in twice the man hours,10 times the debt and risk factorsr(mother nature),no benifits or holidays to produce from there land what the average burbanite can make in one year with all the bennys attached.