Speculators looking for a good deal might take a look at the land under the ocean just southeast of the island of Hawaii, the largest of the Hawaiian Islands.
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A hot spot under the Earth's crust is slowly forming a new island as the Earth's plate moves northwestward. As the plate moves, the hot spot creates a volcano - and a new island.But investors, be wary: Loihi Island won't be above water and ready for development for at least a few million years.