It is one thing to buy a slightly (or even grossly) overpriced piece of land, quite another to buy a complete pipe dream. I have in fact many times bought an overpriced piece of land (1/8ths) mostly, simply because of the package that comes with it. Yes, I could probably have gotten even 1/2 acre (or more) in the same area for the same price but the overpriced 1/8th came with middle class neighbours buying the same, due diligence already done (assuming it is a reputable company), less headaches and a future community of like minded home owners. Building there will be more profitable in the long run IMHO than building on an isolated 1/2 acre in the middle of nowhere. Most "estates" in fact started this way. Like minded people pooling together and establishing a community. Look at Membley. Who knew that scrubland would be one of the poshest areas in Kenya! And the consolation is, in the long run, overpaying a little will mean zero. It's like someone who bought in Lavington in 1994 crying that they "overpaid" for a house on one acre at 8.5m while going rate was 7 m back then. Does that 1.5m really matter now with those properties scraping 300m+? Of course not.

Ni hayo maoni yangu tu!