I looked into this a lot when I was younger.

Even when I was 22 and living in UK I looked into buying up 10,000’s of acres of North Dakota. Only because it was so cheap.

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Cheap for some good reasons.

Back in say 2004 you could buy BLM parcels of 1 mile x 1 mile (640 acres) in North and South Dakota for about $15,000 iirc.

The state actually listed the parcels for sale on ebay! No buyers.

Then they discovered shale oil. 🤗