[NicMM]

Wow! I see someone with real experience giving good reasoning here. Thanks, sdduuuude!

In my case, I have absolutely no clue about land investment. The comments of majority here greatly reminded me that and the big risks that could bring. On the other hand, I am willing to learn land investment for future opportunities. Just as putting money in a saving account, if I could save that money into a land and retrieve it out after 15 years to have enough to pay son’s college, that would be fantastic!

I assume land value should not go down if it doesn’t go up. Then I don’t have much to lose. And I have no faith in 529 plan.

NicMM

[quote=sdduuuude]I 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.[/quote]

[NicMM]

Wow! I see someone with real experience giving good reasoning here. Thanks, sdduuuude!

In my case, I have absolutely no clue about land investment. The comments of majority here greatly reminded me that and the big risks that could bring. On the other hand, I am willing to learn land investment for future opportunities. Just as putting money in a saving account, if I could save that money into a land and retrieve it out after 15 years to have enough to pay son’s college, that would be fantastic!

I assume land value should not go down if it doesn’t go up. Then I don’t have much to lose. And I have no faith in 529 plan.

NicMM

[quote=sdduuuude]I 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.[/quote]

[NicMM]

Wow! I see someone with real experience giving good reasoning here. Thanks, sdduuuude!

In my case, I have absolutely no clue about land investment. The comments of majority here greatly reminded me that and the big risks that could bring. On the other hand, I am willing to learn land investment for future opportunities. Just as putting money in a saving account, if I could save that money into a land and retrieve it out after 15 years to have enough to pay son’s college, that would be fantastic!

I assume land value should not go down if it doesn’t go up. Then I don’t have much to lose. And I have no faith in 529 plan.

NicMM

[quote=sdduuuude]I 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.[/quote]

[NicMM]

Wow! I see someone with real experience giving good reasoning here. Thanks, sdduuuude!

In my case, I have absolutely no clue about land investment. The comments of majority here greatly reminded me that and the big risks that could bring. On the other hand, I am willing to learn land investment for future opportunities. Just as putting money in a saving account, if I could save that money into a land and retrieve it out after 15 years to have enough to pay son’s college, that would be fantastic!

I assume land value should not go down if it doesn’t go up. Then I don’t have much to lose. And I have no faith in 529 plan.

NicMM

[quote=sdduuuude]I 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.[/quote]

[NicMM]

Wow! I see someone with real experience giving good reasoning here. Thanks, sdduuuude!

In my case, I have absolutely no clue about land investment. The comments of majority here greatly reminded me that and the big risks that could bring. On the other hand, I am willing to learn land investment for future opportunities. Just as putting money in a saving account, if I could save that money into a land and retrieve it out after 15 years to have enough to pay son’s college, that would be fantastic!

I assume land value should not go down if it doesn’t go up. Then I don’t have much to lose. And I have no faith in 529 plan.

NicMM

[quote=sdduuuude]I 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.[/quote]

[NicMM]

Wow! I see someone with real experience giving good reasoning here. Thanks, sdduuuude!

In my case, I have absolutely no clue about land investment. The comments of majority here greatly reminded me that and the big risks that could bring. On the other hand, I am willing to learn land investment for future opportunities. Just as putting money in a saving account, if I could save that money into a land and retrieve it out after 15 years to have enough to pay son’s college, that would be fantastic!

I assume land value should not go down if it doesn’t go up. Then I don’t have much to lose. And I have no faith in 529 plan.

NicMM

[quote=sdduuuude]I 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.[/quote]

[NicMM]

Wow! I see someone with real experience giving good reasoning here. Thanks, sdduuuude!

In my case, I have absolutely no clue about land investment. The comments of majority here greatly reminded me that and the big risks that could bring. On the other hand, I am willing to learn land investment for future opportunities. Just as putting money in a saving account, if I could save that money into a land and retrieve it out after 15 years to have enough to pay son’s college, that would be fantastic!

I assume land value should not go down if it doesn’t go up. Then I don’t have much to lose. And I have no faith in 529 plan.

NicMM

[quote=sdduuuude]I 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.[/quote]

[NicMM]

In today’s environment maybe the best way to grow wealth is saving? Stock, bonds, 401K, house, nothing seems safe. Precious metals look rosy but have great risks too at today’s new high prices.

-NicMM

[quote=CA renter][quote=NicMM]In that seminar, many success stories were provided. One of them is a big land in Temecula bought in 70s for $400k and lastly offered about $20 million. This land is hold by the speaker.

By the way, Palmdale will be a transportation center as there is an airport nearby, several high speed railroad in construction will go through there. There is a special tax zone called FoxField industrial zone in Lancaster. Google backed eSolar put their solar farm there. and BYD (Buffet invested Chinese green car company) also set manufacture facilities there.

-NicMM

[quote=jpinpb]My take on the land. Depends how long you plan to keep it. How old are you? Can you just sit on it for the next 20-30 years? Plan on leaving it to kids?

I can think back to 30 years ago when there was a big nothing in Temecula. I even remember a lawsuit involving some land in Temecula. Big dispute. I kept thinking who the hell would live in the middle of nowhere between Riverside and San Diego.

I remember when we first moved to California my dad was telling me about some guy who bought quite a bit of land way back in the day in the middle of nowhere. He ended up making quite a bit of money. He was talking about Palm Springs.

Also, the expression, “They stopped making land.” Really applies to land, not houses.

I don’t think I’m being bullish, but I wouldn’t be shocked if in 30 years they end up building up there in Palmdale/Lancaster.

But I also agree, whoever is selling it, already subdivided and they’re making money off the subdivision of the parcels. Nevertheless, developers like to build and when they overbuild, they continue to push out to the exburbs and deserts.[/quote][/quote]

For every supposed “success story” about raw land, there are thousands who’ve lost their tails on land investments.

I know someone who invested in the desert area back in the 1950s, and pretty much couldn’t break even on a sale until the bubble of the 2000s. The Antelope Valley, Mojave Desert, and surrounding areas have a long history of emptying the wallets of wannabe land speculators. If anything, it’s less promising today than it was 20 years ago. Crime has shot up there since the late 80s, and it’s a cluster of low-income neighborhoods that can easily get worse in just a few short years.

IMHO, what the others say is true. If a company needs to hold seminars to sucker people into buying their lots, it’s a losing bet. If there were any money to be made, they’d develop the lots themselves. Try asking them why they’re not doing it.[/quote]

[NicMM]

In today’s environment maybe the best way to grow wealth is saving? Stock, bonds, 401K, house, nothing seems safe. Precious metals look rosy but have great risks too at today’s new high prices.

-NicMM

[quote=CA renter][quote=NicMM]In that seminar, many success stories were provided. One of them is a big land in Temecula bought in 70s for $400k and lastly offered about $20 million. This land is hold by the speaker.

By the way, Palmdale will be a transportation center as there is an airport nearby, several high speed railroad in construction will go through there. There is a special tax zone called FoxField industrial zone in Lancaster. Google backed eSolar put their solar farm there. and BYD (Buffet invested Chinese green car company) also set manufacture facilities there.

-NicMM

[quote=jpinpb]My take on the land. Depends how long you plan to keep it. How old are you? Can you just sit on it for the next 20-30 years? Plan on leaving it to kids?

I can think back to 30 years ago when there was a big nothing in Temecula. I even remember a lawsuit involving some land in Temecula. Big dispute. I kept thinking who the hell would live in the middle of nowhere between Riverside and San Diego.

I remember when we first moved to California my dad was telling me about some guy who bought quite a bit of land way back in the day in the middle of nowhere. He ended up making quite a bit of money. He was talking about Palm Springs.

Also, the expression, “They stopped making land.” Really applies to land, not houses.

I don’t think I’m being bullish, but I wouldn’t be shocked if in 30 years they end up building up there in Palmdale/Lancaster.

But I also agree, whoever is selling it, already subdivided and they’re making money off the subdivision of the parcels. Nevertheless, developers like to build and when they overbuild, they continue to push out to the exburbs and deserts.[/quote][/quote]

For every supposed “success story” about raw land, there are thousands who’ve lost their tails on land investments.

I know someone who invested in the desert area back in the 1950s, and pretty much couldn’t break even on a sale until the bubble of the 2000s. The Antelope Valley, Mojave Desert, and surrounding areas have a long history of emptying the wallets of wannabe land speculators. If anything, it’s less promising today than it was 20 years ago. Crime has shot up there since the late 80s, and it’s a cluster of low-income neighborhoods that can easily get worse in just a few short years.

IMHO, what the others say is true. If a company needs to hold seminars to sucker people into buying their lots, it’s a losing bet. If there were any money to be made, they’d develop the lots themselves. Try asking them why they’re not doing it.[/quote]

[NicMM]

In today’s environment maybe the best way to grow wealth is saving? Stock, bonds, 401K, house, nothing seems safe. Precious metals look rosy but have great risks too at today’s new high prices.

-NicMM

[quote=CA renter][quote=NicMM]In that seminar, many success stories were provided. One of them is a big land in Temecula bought in 70s for $400k and lastly offered about $20 million. This land is hold by the speaker.

By the way, Palmdale will be a transportation center as there is an airport nearby, several high speed railroad in construction will go through there. There is a special tax zone called FoxField industrial zone in Lancaster. Google backed eSolar put their solar farm there. and BYD (Buffet invested Chinese green car company) also set manufacture facilities there.

-NicMM

[quote=jpinpb]My take on the land. Depends how long you plan to keep it. How old are you? Can you just sit on it for the next 20-30 years? Plan on leaving it to kids?

I can think back to 30 years ago when there was a big nothing in Temecula. I even remember a lawsuit involving some land in Temecula. Big dispute. I kept thinking who the hell would live in the middle of nowhere between Riverside and San Diego.

I remember when we first moved to California my dad was telling me about some guy who bought quite a bit of land way back in the day in the middle of nowhere. He ended up making quite a bit of money. He was talking about Palm Springs.

Also, the expression, “They stopped making land.” Really applies to land, not houses.

I don’t think I’m being bullish, but I wouldn’t be shocked if in 30 years they end up building up there in Palmdale/Lancaster.

But I also agree, whoever is selling it, already subdivided and they’re making money off the subdivision of the parcels. Nevertheless, developers like to build and when they overbuild, they continue to push out to the exburbs and deserts.[/quote][/quote]

For every supposed “success story” about raw land, there are thousands who’ve lost their tails on land investments.

I know someone who invested in the desert area back in the 1950s, and pretty much couldn’t break even on a sale until the bubble of the 2000s. The Antelope Valley, Mojave Desert, and surrounding areas have a long history of emptying the wallets of wannabe land speculators. If anything, it’s less promising today than it was 20 years ago. Crime has shot up there since the late 80s, and it’s a cluster of low-income neighborhoods that can easily get worse in just a few short years.

IMHO, what the others say is true. If a company needs to hold seminars to sucker people into buying their lots, it’s a losing bet. If there were any money to be made, they’d develop the lots themselves. Try asking them why they’re not doing it.[/quote]

[NicMM]

In today’s environment maybe the best way to grow wealth is saving? Stock, bonds, 401K, house, nothing seems safe. Precious metals look rosy but have great risks too at today’s new high prices.

-NicMM

[quote=CA renter][quote=NicMM]In that seminar, many success stories were provided. One of them is a big land in Temecula bought in 70s for $400k and lastly offered about $20 million. This land is hold by the speaker.

By the way, Palmdale will be a transportation center as there is an airport nearby, several high speed railroad in construction will go through there. There is a special tax zone called FoxField industrial zone in Lancaster. Google backed eSolar put their solar farm there. and BYD (Buffet invested Chinese green car company) also set manufacture facilities there.

-NicMM

[quote=jpinpb]My take on the land. Depends how long you plan to keep it. How old are you? Can you just sit on it for the next 20-30 years? Plan on leaving it to kids?

I can think back to 30 years ago when there was a big nothing in Temecula. I even remember a lawsuit involving some land in Temecula. Big dispute. I kept thinking who the hell would live in the middle of nowhere between Riverside and San Diego.

I remember when we first moved to California my dad was telling me about some guy who bought quite a bit of land way back in the day in the middle of nowhere. He ended up making quite a bit of money. He was talking about Palm Springs.

Also, the expression, “They stopped making land.” Really applies to land, not houses.

I don’t think I’m being bullish, but I wouldn’t be shocked if in 30 years they end up building up there in Palmdale/Lancaster.

But I also agree, whoever is selling it, already subdivided and they’re making money off the subdivision of the parcels. Nevertheless, developers like to build and when they overbuild, they continue to push out to the exburbs and deserts.[/quote][/quote]

For every supposed “success story” about raw land, there are thousands who’ve lost their tails on land investments.

I know someone who invested in the desert area back in the 1950s, and pretty much couldn’t break even on a sale until the bubble of the 2000s. The Antelope Valley, Mojave Desert, and surrounding areas have a long history of emptying the wallets of wannabe land speculators. If anything, it’s less promising today than it was 20 years ago. Crime has shot up there since the late 80s, and it’s a cluster of low-income neighborhoods that can easily get worse in just a few short years.

IMHO, what the others say is true. If a company needs to hold seminars to sucker people into buying their lots, it’s a losing bet. If there were any money to be made, they’d develop the lots themselves. Try asking them why they’re not doing it.[/quote]

[NicMM]

In today’s environment maybe the best way to grow wealth is saving? Stock, bonds, 401K, house, nothing seems safe. Precious metals look rosy but have great risks too at today’s new high prices.

-NicMM

[quote=CA renter][quote=NicMM]In that seminar, many success stories were provided. One of them is a big land in Temecula bought in 70s for $400k and lastly offered about $20 million. This land is hold by the speaker.

By the way, Palmdale will be a transportation center as there is an airport nearby, several high speed railroad in construction will go through there. There is a special tax zone called FoxField industrial zone in Lancaster. Google backed eSolar put their solar farm there. and BYD (Buffet invested Chinese green car company) also set manufacture facilities there.

-NicMM

[quote=jpinpb]My take on the land. Depends how long you plan to keep it. How old are you? Can you just sit on it for the next 20-30 years? Plan on leaving it to kids?

I can think back to 30 years ago when there was a big nothing in Temecula. I even remember a lawsuit involving some land in Temecula. Big dispute. I kept thinking who the hell would live in the middle of nowhere between Riverside and San Diego.

I remember when we first moved to California my dad was telling me about some guy who bought quite a bit of land way back in the day in the middle of nowhere. He ended up making quite a bit of money. He was talking about Palm Springs.

Also, the expression, “They stopped making land.” Really applies to land, not houses.

I don’t think I’m being bullish, but I wouldn’t be shocked if in 30 years they end up building up there in Palmdale/Lancaster.

But I also agree, whoever is selling it, already subdivided and they’re making money off the subdivision of the parcels. Nevertheless, developers like to build and when they overbuild, they continue to push out to the exburbs and deserts.[/quote][/quote]

For every supposed “success story” about raw land, there are thousands who’ve lost their tails on land investments.

I know someone who invested in the desert area back in the 1950s, and pretty much couldn’t break even on a sale until the bubble of the 2000s. The Antelope Valley, Mojave Desert, and surrounding areas have a long history of emptying the wallets of wannabe land speculators. If anything, it’s less promising today than it was 20 years ago. Crime has shot up there since the late 80s, and it’s a cluster of low-income neighborhoods that can easily get worse in just a few short years.

IMHO, what the others say is true. If a company needs to hold seminars to sucker people into buying their lots, it’s a losing bet. If there were any money to be made, they’d develop the lots themselves. Try asking them why they’re not doing it.[/quote]

[NicMM]

By searching the author Curtis Seltzer I found the website of his column: http://www.landthink.com/

NicMM

[NicMM]

By searching the author Curtis Seltzer I found the website of his column: http://www.landthink.com/

NicMM

[NicMM]

By searching the author Curtis Seltzer I found the website of his column: http://www.landthink.com/

NicMM

[Author]

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