- This topic has 215 replies, 18 voices, and was last updated 14 years, 1 month ago by NicMM.
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September 29, 2010 at 11:50 PM #612005September 30, 2010 at 12:49 PM #611200DoofratParticipant
Why do Nigerians send out e-mails? Because they’re too far away to hold free seminars.
September 30, 2010 at 12:49 PM #611286DoofratParticipantWhy do Nigerians send out e-mails? Because they’re too far away to hold free seminars.
September 30, 2010 at 12:49 PM #611832DoofratParticipantWhy do Nigerians send out e-mails? Because they’re too far away to hold free seminars.
September 30, 2010 at 12:49 PM #611946DoofratParticipantWhy do Nigerians send out e-mails? Because they’re too far away to hold free seminars.
September 30, 2010 at 12:49 PM #612260DoofratParticipantWhy do Nigerians send out e-mails? Because they’re too far away to hold free seminars.
September 30, 2010 at 1:03 PM #611215daveljParticipant[quote=NicMM]Hi,
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.
September 30, 2010 at 1:03 PM #611301daveljParticipant[quote=NicMM]Hi,
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.
September 30, 2010 at 1:03 PM #611847daveljParticipant[quote=NicMM]Hi,
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.
September 30, 2010 at 1:03 PM #611961daveljParticipant[quote=NicMM]Hi,
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.
September 30, 2010 at 1:03 PM #612275daveljParticipant[quote=NicMM]Hi,
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.
September 30, 2010 at 2:05 PM #611235sdduuuudeParticipantI see a few ways: 1) time it right 2) buy big chunks, cut it up, and sell the pieces, and 3) Identify land that is in the growth path of development, but is not recognized as such by others.
My parents purchased some land together with two other families back in the early 80’s. This was on the outskirts of Tucson. When they bought, it was a long way from anytyhing but Tucson grew right past it and it ended up being a nice part of the suburbs so they did well. I’m not seeing opportunities like that anywhere right now.
I also feel, as a guy who likes to build stuff, that there is a chance to save money on your primary residence by buying a lot and building a home on it – to live in. In a way, that is a land investment as it allows you to avoid developer-markup on both land and structure.
Buying a chunk of land in a fairly well-populated area just doesn’t seem like a good investment. It will be priced to the market and the only way to make money is for the market to go up.
But if you see some compelling reason why you think a piece of land will appreciate when a whole lot of real-estate is languishing, then do it.
If you feel that real-estate is a growth investment, it it makes sense. However, regarding items 1, 2, and 3 above – I just don’t see the economic climate supporting any of them for several years.
September 30, 2010 at 2:05 PM #611321sdduuuudeParticipantI see a few ways: 1) time it right 2) buy big chunks, cut it up, and sell the pieces, and 3) Identify land that is in the growth path of development, but is not recognized as such by others.
My parents purchased some land together with two other families back in the early 80’s. This was on the outskirts of Tucson. When they bought, it was a long way from anytyhing but Tucson grew right past it and it ended up being a nice part of the suburbs so they did well. I’m not seeing opportunities like that anywhere right now.
I also feel, as a guy who likes to build stuff, that there is a chance to save money on your primary residence by buying a lot and building a home on it – to live in. In a way, that is a land investment as it allows you to avoid developer-markup on both land and structure.
Buying a chunk of land in a fairly well-populated area just doesn’t seem like a good investment. It will be priced to the market and the only way to make money is for the market to go up.
But if you see some compelling reason why you think a piece of land will appreciate when a whole lot of real-estate is languishing, then do it.
If you feel that real-estate is a growth investment, it it makes sense. However, regarding items 1, 2, and 3 above – I just don’t see the economic climate supporting any of them for several years.
September 30, 2010 at 2:05 PM #611867sdduuuudeParticipantI see a few ways: 1) time it right 2) buy big chunks, cut it up, and sell the pieces, and 3) Identify land that is in the growth path of development, but is not recognized as such by others.
My parents purchased some land together with two other families back in the early 80’s. This was on the outskirts of Tucson. When they bought, it was a long way from anytyhing but Tucson grew right past it and it ended up being a nice part of the suburbs so they did well. I’m not seeing opportunities like that anywhere right now.
I also feel, as a guy who likes to build stuff, that there is a chance to save money on your primary residence by buying a lot and building a home on it – to live in. In a way, that is a land investment as it allows you to avoid developer-markup on both land and structure.
Buying a chunk of land in a fairly well-populated area just doesn’t seem like a good investment. It will be priced to the market and the only way to make money is for the market to go up.
But if you see some compelling reason why you think a piece of land will appreciate when a whole lot of real-estate is languishing, then do it.
If you feel that real-estate is a growth investment, it it makes sense. However, regarding items 1, 2, and 3 above – I just don’t see the economic climate supporting any of them for several years.
September 30, 2010 at 2:05 PM #611981sdduuuudeParticipantI see a few ways: 1) time it right 2) buy big chunks, cut it up, and sell the pieces, and 3) Identify land that is in the growth path of development, but is not recognized as such by others.
My parents purchased some land together with two other families back in the early 80’s. This was on the outskirts of Tucson. When they bought, it was a long way from anytyhing but Tucson grew right past it and it ended up being a nice part of the suburbs so they did well. I’m not seeing opportunities like that anywhere right now.
I also feel, as a guy who likes to build stuff, that there is a chance to save money on your primary residence by buying a lot and building a home on it – to live in. In a way, that is a land investment as it allows you to avoid developer-markup on both land and structure.
Buying a chunk of land in a fairly well-populated area just doesn’t seem like a good investment. It will be priced to the market and the only way to make money is for the market to go up.
But if you see some compelling reason why you think a piece of land will appreciate when a whole lot of real-estate is languishing, then do it.
If you feel that real-estate is a growth investment, it it makes sense. However, regarding items 1, 2, and 3 above – I just don’t see the economic climate supporting any of them for several years.
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