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]
Without being specific, there is plenty of land in the High Desert that has negative value. That is, the cost of maintenance and property taxes, etc. is greater than the the value of the underlying land (excluding costs). Twenty years down the road things may change. But that’s a LONG way into the future. There’s plenty of land in the High Desert that you can’t give away right now.
