to buy, or not to buy, a lot of empty land ? (buying, stores)

[dipr]

there are still places you can buy hundreds of acres, for little money.

what do you think is the future of that?


sample questions i am considering:


will the US population surge and spread? or will the internet make people stay at home?

[Ghengis]

instead of buying a lot of empty land right off the bat, maybe you might consider buying just a little bit of empty land to see if it suits you, later on you can buy more and more until you have a lot of it.

[oregonwoodsmoke]

Large tracts of cheap empty land are often located in places with no water. No water means they will never be developed.

Now, if what you want to do is to buy large tracts of empty land right on the outskirts of prosperous large cities, you might do well. My uncle amassed millions by buying bare land near Las Vegas. He looked to see where water lines were planned for the future and bought up land in that area. If you want to do that, it won't be cheap, but if you can buy and hold in that sort of area, you might make some money.

[PNW-type-gal]

Originally Posted by dipr

there are still places you can buy hundreds of acres, for little money.

It is generally empty for a reason - no infrastructure (electricity, gas, phone, internet, roads, hospitals, sheriff, fire, ambulance), no water, it may or may not perk for a septic, no nearby stores (grocery, hardware, etc).