There is no shortage of cheap land. There is however a desperate shortage of land on which you can legally build. And that of course is due to zoning regulations.
There's a lot of buildable land. It's just not highly desirable. The land is good, and green, and the neighbors are agreeable, but it's not close to a major city.
EDIT: Case in point, my first purchase in 2017 was 5 acres of buildable land 30 minutes from a tertiary city, with an existing 900 SF manufactured home and 400 SF garage. Total price: $30,000
One of the only real bright stars from the COVID fiasco of 2020 - large swaths of people realizing they can work from home as effectively, if not more, from home. I think we are on the cusp of seeing a population migration that will make the post-WWII suburbanization move look tame in comparison.
