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Fridrik Gudmundsson estimated that Vatnabyggðin consisted of 866 homesteads, plus 334 other farms (the land would have been bought, not homesteaded). No date is given for this estimate, but probably it was for around 1920 or 1930 once settlement started to decrease.

Gudmundsson was a Mozart pioneer, who learned to type after he went blind and wrote one book, Endurminningar (Recollections) and began another before he passed away.