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| Why should we buy land |
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An irony is that investors are shying away from land at precisely the best time to buy. Prices are very pocket-friendly.There is no or little downside left and land always goes up in value over time. The joke about not making any more of it is no joke. They can still find gold- but we've found all the land. Environmental laws, population growth, rising farm values, demographic migrations and other factors continue to put upward pressure on land values. It's just a matter of time before land recovers and continues its upward historical march, and by the way with land you might get to use it while you own it. Try taking a vacation, picnic or hike on your CD, stock certificate or gold coin! |
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But don't take my word for it, read what some of the most respected financial instiutions have to say about the subject. |
Rod MacAlpine
Land Investor/Developer
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"For many people, real estate is the alternative investment of choice, according to Tom Anderson, president of PENSCO Trust, a custodial firm specializing in self-directed IRAs. 'The slowdown in the real estate market really hasn't affected our business because we're talking about investment properties versus personal residences, and people are taking advantage of down market opportunities,' he said."
Wall St. Journal 10/10/2008 |
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"For many people, real estate is the alternative investment of choice, according to Tom Anderson, president of PENSCO Trust, a custodial firm specializing in self-directed IRAs. 'The slowdown in the real estate market really hasn't affected our business because we're talking about investment properties versus personal residences, and people are taking advantage of down market opportunities,' he said."
Wall St. Journal 6/6/2008
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"One hint for investment hunters: Look where the paved road ends. Land that's outside city limits, but in the path of development, can appreciate dramatically when new infrastructure (road, city water and sewer) goes in."
-CNN Money.com 10/7/08 |
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"Real estate, after all, is the quintessential scarce resource. You simply can't go out and create new land. So it seems only natural that its price would keep going up and up. There's also something intuitive about real estate: Compared with, say, the abstract nature of corporate equity, real estate is tangible. We see it. We rent it. We walk on it. We live in it. And, chances are, we've made money off it: Of the more than two-thirds of Americans who own their own homes, a significant portion have seen them appreciate in recent years."
-CNN Money.com 6/1/01 |
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In a Recession, Does Land Offer Refuge? |
"...Most types of rural land have not lost value in recent months. The factors that have steadily lifted their worth during the past decade are not mainly speculation and cheap credit....The least vulnerable second homes are those within a reasonable driving distance of metropolitan areas....But quality land will ride out a recession. Population growth, not speculation, is the flood lifting this boat...The floor under timberland is its long-term appreciation. That's why pension funds, endowments, investors and trusts are putting money into it. Quality land, bought at the right price with sensible financing, should weather a recession better than stocks and many other investment alternatives."
-Curtis Seltzer , 10/08/08—(RISMedia.com)
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