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fastfredracing fastfredracing is offline
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Join Date: Jul 2003
Location: Valencia Pa.
Posts: 8,864
Sitting on a piece of land as a longer term investment ?

Im not super interested in the stock market . I like tangible things . I need to park some money somewhere.
Im going to keep playing the car market, I enjoy that, and do well at it ( usually ) but that is small potates .
I have beeh looking for interesting pieces of property , just a tad north of current hot development areas .
Seems like Land never really goes down in value . I know this area super well . I can see the influx of urban people moving out this way .( Townies ) Housing plans popping up everywhere. Plots of land with mcmansions, etc.
I looked at this 18 acre plot , with a foundation for a home and barn ,long since demo'd and removed . Elect, water and sewage on the property . Adjacent to an interstate and busy 2 lane highway . Cool place. I could even move my partial retirement tow truck biz up that way when I finally hang up my wrenches .
I have to add, that I like to dig, build things, , cut trees, clear land etc.. I hope to keep moving and working till I drop .
So, I am looking for something interesting that can add some short term personal value to my life, but also gain value as the years trudge on.
The areas I am looking at are also , low taxes, no zoning , so maintenance and fixed costs/insurance are insigficant .
Best part.....No tenants
Just curious what the smart guys here think about using this strategy . As always , thanks for your input
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Old 11-02-2024, 10:19 AM
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