3 ms·
I'm not sure that matters. If you're holding your land to cash out on it in the future, it's going to get developed regardless. Whether the land remains undevel
by bastawhiz 3y ago
I'm not sure that matters. If you're holding your land to cash out on it in the future, it's going to get developed regardless. Whether the land remains undeveloped for an extra few decades seems like it makes little difference either way. Plus, not every property will be paved over edge to edge. Suboptimal locations will probably get developed into something which doesn't turn the land into something that completely destroys its ecological value.
- anonymouskimmer 3y ago> If you're holding your land to cash out on it in the future, it's going to get developed regardless. Unless those you cash out from buy it because of what it currently is.
- bastawhiz 3y agoI think you'll find very few buyers who don't plan to build anything substantive who are willing to pay multiples of what you purchased the undeveloped land for. If you bought a plot of land for $100K and sell it for $250K thirty years later...you've barely beaten inflation.
- anonymouskimmer 3y agoThis is unfortunately true.