Is purchasing land the great investment?? I consider it is since we cannot get brand new land as well as if we buy it in the right area we can benefit outrageous distinction if they wish to buy it off you.
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{ 5 comments… read them below or add one }
It can be. But be aware that when you purchase land that you may have to pay taxes on it at the year end. If purchasing in a developed area you may be required to keep it up. So before you purchase get the answers to all of the questions that come a long with it. Good luck.
Pends where…it’s all about location..if you scored some in CA sure it will be, long as it isn’t smack dab in the desert.
It is all about location and the price your can get it at. You really need to be able to think ahead to what land will be worth something years from now. If it is already prime, it will be reflected in the price. Remember you may have to pay property taxes each year to keep the property. Land for an investment should increase over time, especially since the population is growing. Good luck!
It appears you don’t know anything about “The World” and “Palm Jumeirah”
Land can be a good investment. Its a hedge against inflation also. Its not a very liquid investment and it has pretty high transaction costs and carrying costs.