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Does anyone know why these super rich people buy so much land? Is owning that much land a real investment?

• tehlike 9y ago
  If you check the real estate prices you will see. Real estate is one of the most solid investments one can make.
  • nikolay 9y ago
    It's just not the get-rich-quick schemes people of today prefer. For example, everything you can say about Bitcoin, you can say about land as well - it's scarce, but unlike Bitcoin, it has a real utility.
    • tehlike 9y ago
      Yes, real estate has historically been on the rise, despite small hiccups like in 2008. The important thing, as usual, is to diversify over different areas (so that you don't get hit like detroit). Eventually, land price is bound to go up because population is growing.
    • tehlike 9y ago
      Also one more thing in Bezos' case, he controls a large corporation. Meaning that he can technically buy large patches of land in advance, before Amazon decides to move into a city, for example.