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> It's not no-risk, but it's low risk until you start building. Building is kind of.. the whole point. And risk profiles vary. For example, I'd rather build/in
by dvt 3y ago
> It's not no-risk, but it's low risk until you start building.
Building is kind of.. the whole point. And risk profiles vary. For example, I'd rather build/invest in a startup rather than buying land where I may or may not be able to build anything profitable over the long term. Development also has a very long horizon, tying up liquidity in the process.
Saying "just buy land bro, making money is ez" seems like a very TikTok Investor kind of take.
- Supermancho 3y ago> Building is kind of.. the whole point. Land development is not limited to "build anywhere you can". Purchases of land for later resale, when armed with knowledge about likely events, is a common strategy. In cities, you often have to deal with municipal pressures to do more. Parking lots filled empty plots in southern california 1980s and since 2015ish the number of Car Washes in Fargo, ND has grown to 80... a cash business with minimal overhead and a flimsy construction, which does not have to cover the entirety of the plot. > Saying "just buy land bro, making money is ez" seems like a very TikTok Investor kind of take Just like interest on large amounts of liquidity, land ownership generates a meaningful passive income, over time. There's nothing trivial about it...unless you buy wasteland in Arizona (which many people hold).