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re: Rural Land Investment
Posted on 1/8/24 at 8:26 am to bamatiger90
Posted on 1/8/24 at 8:26 am to bamatiger90
True Rural land outside of urban sprawl boundaries have a very slow appreciation rate. Not much "investment" opportunity unless you use it for timber or recreation. There is always the oddball situation where a wealthy neighbor wants to buy your adjoining land for a high price or some industrial facility being built near you to shoot values up, other than that values/prices ride boringly steady.
Best bet for appreciation is to stay within 30-50 miles of major urban areas and wait 10 years until the suburbs make their way to you. Subdivide and sell.
Best bet for appreciation is to stay within 30-50 miles of major urban areas and wait 10 years until the suburbs make their way to you. Subdivide and sell.
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