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What business in the US makes more money then real estate? There's stuff like Apple where you almost literally own half the countries computers but outside of s
by swiley 5y ago
What business in the US makes more money then real estate? There's stuff like Apple where you almost literally own half the countries computers but outside of stuff that is or should be illegal there's very little.
Nothing is like land. You can just let it sit and make money borrowing against it. You can work on it yourself to improve (this has an extremely high $/hr rate.) Everyone has to go somewhere and zoning means "somewhere" is usually not clumped together which means demand for land.
Long term we definitely need to figure something out. Maybe better zoning, maybe LVT. Short term you want real estate if you can afford it.
- lotsofpulp 5y agoThere are very large portions of land in the US that produce very little return compared to simply buying VTI. Large tracts of upper Midwest and Northeast and states (and cities) with outlier debt per taxpayer burdens come to mind (CT/NJ/IL). Land, specifically individual land ownership on a non REIT scale, is a notable asset class for a variety of reasons, but diversifying investments is still a good idea in my opinion. It is not impossible or even very unlikely that the specific piece of land one owns to stagnate or even decline in price for a long period of time.