And while we are on "values" of land...

A few days ago we had the occasion to meet some friends for dinner in Nags Head, and we were discussing the Outer Banks and the appreciation in property values. My husband was telling our friends of the time his granddaddy was offered the chance to buy a tract of land that extended sea to sea starting about at the north Kitty Hawk town line and going to about the Wright Memorial. The price was $400. Granddaddy Will actually had the money, but just could not bring himself to sink his very hard earned dollars into such an inhospitable piece of deserted, bleak sand. Nobody wanted it. It was just a burden to have to pay the taxes on it. So he declined the offer. Hindsight! Granddaddy Will would be turning over in his grave if he could see the tax bill on that much land today!