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With land you'll have to pay property tax, which will be impacted by inflation as the land will be reappraised. Just something to keep in mind.
by solosoyokaze 6y ago
With land you'll have to pay property tax, which will be impacted by inflation as the land will be reappraised. Just something to keep in mind.
- ImprovedSilence 6y agoA lot of states have tax breaks for ag land, or land that doesn't contain a permanent dwelling. Taxes overall can be quite low in rural counties regardless. And even with property tax, money can be made leasing the land to farmers or timbering it. There is plenty of value to be had in owning land. Plenty to be lost too, sure if you don't know what you're doing.
- solosoyokaze 6y agoInteresting, thanks for adding that. I'm not a sophisticated investor but I do like to invest in REITs to capture rising property values.