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The Watercooler
Land a good investment??
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<blockquote data-quote="BusynMember" data-source="post: 720804" data-attributes="member: 1550"><p>Right now we are more thinking of buying land and a small place to live, on large property in a thriving area...one close to where we are now, but in a resort type area where my sister in law bought land for $3670 six years ago and just sold it for over three times the amount. The area we currently live in has no real estate appreciation, but this lovely area is just the opposite and just built a classic golf course which is driving up home and land prices. It is very elite, I hear..??</p><p></p><p> There is a beautiful, clean lake for fishing and boating and swimming, lots of golf (we dont golf), tons of forest, ATV trails, wildlife, and lots of summer cottages and many come up from other states for the summer.</p><p></p><p>We saw gorgeous property today with a park home, place for an RV, two decks...it is right by the lake, not too close to neighbors for about $50k. Very good price.</p><p></p><p>We are probably going to buy here. It is very quiet, smells great, and is a rather countryish atmosphere. We are going to keep looking around!! We may rent it put when we travel...to one family. May not.</p></blockquote><p></p>
[QUOTE="BusynMember, post: 720804, member: 1550"] Right now we are more thinking of buying land and a small place to live, on large property in a thriving area...one close to where we are now, but in a resort type area where my sister in law bought land for $3670 six years ago and just sold it for over three times the amount. The area we currently live in has no real estate appreciation, but this lovely area is just the opposite and just built a classic golf course which is driving up home and land prices. It is very elite, I hear..?? There is a beautiful, clean lake for fishing and boating and swimming, lots of golf (we dont golf), tons of forest, ATV trails, wildlife, and lots of summer cottages and many come up from other states for the summer. We saw gorgeous property today with a park home, place for an RV, two decks...it is right by the lake, not too close to neighbors for about $50k. Very good price. We are probably going to buy here. It is very quiet, smells great, and is a rather countryish atmosphere. We are going to keep looking around!! We may rent it put when we travel...to one family. May not. [/QUOTE]
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Land a good investment??
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