Happy Friday investors! So I have been rattling my brain over this for the past couple of weeks and I cannot for the life of me figure it out.
Why don't people own more land as a potential investment? I was looking the other day and saw plots of 10 acres going for around 40k. Sure the location at this current moment might not be the best, but 10 acres is still a lot of land.
I would think over time that land value will increase just due to inflation alone.
What am I missing here? Are taxes high on undeveloped land, are people just worried about zoning, liability or insurance?
Submitted June 16, 2017 at 12:52PM by Wormulous http://ift.tt/2rzvtzN
