I just attended a land investment seminar over the weekend. The company advocated investing land in Palmdale and Lancaster. Because these two cities are the fast growing cities in California, transportation center, real growth from green energy industry, et cetera, plus the land is still cheap there. Sounds very interesting to me.
Has anyone been these areas? or even own properties there?
-NicMM[/quote]
They should have said:
“The company advocated investing land in Palmdale and Lancaster. Because these two cities are the cities we’re trying to unload our overpriced land.“
As was mentioned – Palmdale and Lancaster totally imploded in the foreclosure wave… Sure you can pick up land (and homes) cheap – but then what… no one wants the land or house and it’s still going down in value.
