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Why Should You Buy Land?
Who Am I?
I am the basis of all wealth, the heritage of the wise, the thrifty and prudent.
I am the poor person’s joy and comfort, the rich person’s prize, the right hand of capital, the silent partner of thousands of successful people.
I am solace of the widow, the comfort of old age, the cornerstone of security against misfortune and want. I am handed down through generations, as a possession of great value.
I am the choicest fruit of labor, the safest collateral and yet I am humble. I stand before every person bidding them to know me for what I am and asking them to possess me.
I am quietly growing in value through countless days. Though I might seem dormant, my worth increases, never falling, never ceasing. Time is my aid and the ever increasing population adds to my gain. I defy fire and the elements, for they cannot destroy me.
My possessors learn to believe in me and invariable they become envied by those that have passed me by. While all other things wither and decay, I alone survive. The centuries find me younger, always increasing in strength. All oil and minerals come from me. I am the producer of food, building materials and the home to every living thing. I serve as the foundation for homes, factories, banks and stores.
I have not been produced for millions of years yet, I am so common that thousands, unthinking and unknowingly, pass be by.
Who Am I? I Am Land
Anonymous
An irony is that investors are shying away from land at precisely the best time to buy. Prices are down significantly. 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!
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 6/6/2007
"Retirement-home sales are growing -- among buyers still decades away from retiring. From New York's Catskill Mountains to Oregon's rocky coast, younger couples who might otherwise be focused on building a nest egg instead are buying a lakefront house or country cabin that they hope to one day use in retirement."
-Wall St. Journal 5/3/2007
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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 10/7/03
"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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"Buyers Headin’ West for Mansions and Homes on the Range"
Here’s a look at what’s new in real-estate markets across the U.S. from around the Web. Homes on the range Buyers of all sorts — executives, physicians, oil tycoons and business owners — are looking to lasso ranch properties in Central Texas, according to the Austin American-Statesman. The ranches, which are typically at least 100 acres in size, are mostly being purchased by Texans and out-of-staters as purely recreational properties and aren’t working ranches in the true sense of the word, the newspaper says. Selling prices range from $4,000 to $20,000 an acre, the American-Statesman says. The ranches are coveted for their views and access to creeks, rivers or streams. Bandera, Blanco, Kendall and Kerr county ranches garner the highest selling prices — last year’s median price for rural land in the area was $7,086 an acre, more than double 2002’s median price of $3,600.
-Lauren Baier Kim, 9/28/07—(RealEstateJournal.com)
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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 , 10/08/07—(RISMedia.com)
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"It's A Buyers Market. So, When Are You Going to Buy?"
The best strategy for real estate and the best way to make money in real estate is to buy low, when the conditions are in the favor of the buyer to buy. Your start-up purchase is where you "begin" your investment growth—and that's why I submit to my buyer friends the above headline question, again: "It's a buyers market. So when are you going to buy?" Read more at RealtyTimes.com
-M. Anthony Carr, 10/16/07—(RealtyTimes.com)
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