LAND - The Time To Buy is Now
Current economic conditions offer low borrowing rates, low savings rates, plus low business and investment confidence. Obviously, land is a limited commodity and presently certain situations offer extremely attractive pricing. But, difficult today is convincing some who are capable to discontinue hoarding cost and invest in land. Internet Marketing Manager, Joshua Thompson, further illustrates this in his article, Why Buy Land Now...
"... Although historically land values rise at a slow but steady pace, every form of investment has its ups and downs. Rising interest rates result in home foreclosures which lead to people getting scared and selling their real estate investments, often at undervalued prices. Savvy investors see this trend and begin to snap up terrific land deals, which causes prices to rise again, higher then they were before the initial fall. It is a cycle that is repeated over and over again. But through all the cycles, land values do tend to rise over time.... During times of economic uncertainty, many people look to the security that land investment represents. As long as the property is well researched, there is very little risk in land investment. As America's population grows and spreads out, land is something that everyone wants and there is only so much to go around. Robert Agathon, Regional Vice President of Spectrus Real Estate Group talked on this point in an article for Office and Commercial Magazine, "As long as growth occurs, buying a piece of land in the path of growth insulates owners, at least partially, from real estate market ups and downs." He also put the same thought another way: "As long as a piece of land exists in the path of growth, there will always be a demand for it. If you have decided that land investment is right for you, the best time to buy is when prices are down. Now is the time when you can find truly exceptional deals and make the most out of the money you spend."
Link to full article: Why Buy Land Now
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