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The latest generations dont seem overly interested in land, partly because they 've been deconditioned from real estate ownership by necessity, at least in eur
by cblconfederate 5y ago
The latest generations dont seem overly interested in land, partly because they 've been deconditioned from real estate ownership by necessity, at least in europe. It's this thing that boomers+co value a lot that will die with them (and be passed down).
Would be interesting to see who are the 100 largest virtual land (online property) owners in the world.
- pc86 5y agoWhat exactly is a "virtual land owner?"
- bryanrasmussen 5y agosomeone who owns land inside of a game environment most likely?
- KorematsuFred 5y agoIt is very natural. Land can be used for multiple purposes. 100 years ago agriculture was very important activity and it made sense to own more rural land. Today the amount of money I spent on buying a tiny house in Palo Alto would buy me 50acre ranch in Texas. But I am not interested that as that 50 acre ranch is unlikely to be a valuable asset 20 years down the line.
- chasd00 5y agomany people buy land in the exurbs, wait for the growth, and then sell to developers. I have a friend who's grandfather gave her 40 acres in Prosper TX. When we were in HS it was basically worthless/pointless, but now, she could retire on it if she wanted.
- mssundaram 5y agoIn my experience it not that the latest generations aren't interested, it is that there isn't much available, and what is available is not in an interesting location or is too expensive.