How to buy a ranch in New Mexico for the cost of an iPod

The subprime crisis means that €100 can buy up to 40 acres of land in parts of the United States, writes Adrian Weckler.

13th September, 2008

The subprime crisis means that €100 can buy up to 40 acres of land in parts of the United States, writes Adrian Weckler.

Those pondering the perfect online purchase for a loved one this Christmas now have more than the digital camera, iPod or laptop to consider.

Thanks to the US credit crunch, €100 now buys up to 40 acres of land in Arizona, Nevada or New Mexico on eBay.com. On the same website, €1,000 gets...

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