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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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A guy I worked with back in the mid-80's was gobbling up useless desert land at $2000 for 5 acres. He woulds buy another 5 acres every summer when he got his vacation check (union millwright, complicated). He suggested I get into it too. I laughed at him, wasting his money on rocks and dirt and tumbleweeds.
Turns out that useless desert is now squarely inside the town of Victorville and completely developed into subdivisions. My friend? Retired long ago and doesn't have to worry about money anymore.
Kind of a risky gamble if you ask me but at least one guy made it work.
Seems that buying up a carefully selected repo house would have a safer upside potential.
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