3 ms·
The difference to consider here is in 'crisis'. Banks can fold. Companies can and will go bankrupt. But land will be there. And it's not just about the crisis
by Gustomaximus 7y ago
The difference to consider here is in 'crisis'.
Banks can fold. Companies can and will go bankrupt. But land will be there. And it's not just about the crisis event, it's riding the bounce after. Sure you might buy at the peak today, but it will return to growth on the other side of the cycle plus have more security of most other assets.
A friend of mind manges investments for high net worth individuals. I said once do they all come to you and look how big your past returns are? They said no, most come to them and say 'how can I make sure I'm never poor'.
- AstralStorm 7y agoDepends on whether the crisis results in war or not. If it does, land is very hard to move or recover. See, it's almost 100 years past World War 2 and some property disputes are still alive... So it can be a part of a strategy but not whole of it. Especially any undeveloped land is extra problematic. (It will fall to whoever developed it by law most of the time, requiring a buy out at most.) And if the emergency is something requiring immediate liquid assets land is especially worthless. There are many such emergencies.