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The housing bubble tempted real estate developers to make offers for land purchases to farmers at the price that they could not refuse. Now several farmers are buying the land back for a fraction of the price that they sold it for. Perhaps they will wait for the next bubble to occur, and for new developers to appear on the scene that they can resell their land to at newly inflated prices. This scenario says a lot about efficient markets theory, and about rational expectations theory, that were at the root of the housing bubble, and the financial crisis.
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