NO NO NO!!!!! It is NOT the time to build for resale. The reason we are having such a tough time over here is that we are SOOOO Overbuilt. It's simply supply and demand. Way, way, way too much supply. Everybody and his uncle thought he could make a killing over here building, but too many folks had the same idea. Homes are not selling, and yet the big developers are STILL building. They will lose their shorts (some already are)- don't you lose yours! There is a new 200+ development going in off Butler Market (Mirada), with homes from 189k, well below everything else now. And, the Brookswood area is real trouble, development after development of empty homes. Take a drive through River Rim, or Rennaisance Ridge, or Copper Canyon, or any of the newer developments there, and count the number of empty, long term empty, homes. There are oodles and oodles of empty homes out there, and they will get gone, but not until the building stops. This is our biggest problem right now, and though I would love to sell you some bare land, I would feel guilty for doing so if your purpose was to build for profit, as such an outcome in a market where homes are now sitting for an average of 8-10 months on the market (higher in some brackets, for instance, in Redmond the new absorption numbers show a 4-500k house taking 41 months to sell!). Having said all that, I would also recommend that, if you DO get the urge to do so, the best market here is Sisters, with Bend next, but I would avoid all others until this settles as far as spec building is concerned. Redmond, Prineville, Sunriver and LaPine have all fallen off the proiverbial cliff in the last couple of months. Bend went down first, and appears to be levelling off first, but the developers are killing the recovery for the moment. I have the sales numbers on the Statistics page of my website- ThomGardner.com if you want to take a look. January's are there, and I will upload Feb's in a few days. It is not pretty, and I can tell you that Feb's look substantially worse.