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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 379.87

+0.4%

Nov 11 4:00 PM EST

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To: Moominoid who wrote (12462)	12/14/2006 2:11:23 PM
From: Ilaine	Read Replies (1) of 217699

True, but it's not possible to put all your eggs in land. You need to be able to pay the property tax, and have something to live on. As you know, I am not very good at math, but even I can see that if your great-grandfather bought land near a growing town 100 years ago for less than $1 an acre, and your family held on to it, and the town grew big enough that your land is now zoned commercial, that's a pretty good rate of return. Much better than gold over the same time period. Now, here's the question, do you sell it and buy gold, or do you develop it, and lease the commercial buildings? Seems like a no-brainer to me. The only trick is to keep from getting over-extended. Let the other guy borrow the money to build the buildings, and you keep hold of the land.

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