The news headlines have been a real treat for landowners these past few months. Tracking news about the land industry has become increasingly easier with social media and sites like LANDTHINK but never before has it been such a weekly treasure trove of news media touting the benefits of investing in land. Just this week the Omaha World-Herald kicked out this headline “Land’s back in the picture” and Delta Farm Press had this one “A billionaire speaks: invest in agriculture” and the list goes on. Since August I have posted links to more articles on the web about land than I did in total for last year.
So why all of the buzz? What makes land so great right now? Is land now suddenly a precious and valuable investment tool that was overlooked? What changed? I don’t think anything really changed. In Kansas over the last 20 years farmland has steadily increased as it has in other parts of the country in agriculture areas.
SOME THINGS NEVER CHANGE
When it comes to real estate investing, new books and gurus preach about new techniques all the time; truly the basics of real estate investments have not changed. Land never changes. What is on top of the land may change but the dirt is always there. Its article of incorporation will not dissolve overnight and disappear. Land will always be there and the amount we have now on earth will stay relatively the same in our lifetime. As the preamble of the National Association of Realtors Code of Ethics starts out… “Under All is the Land.”
After the horrific news cycle over the last couple of years about real estate, most people were probably wondering if investing in real estate was still worth it. In a word – Yes! And that one word is LAND! One word can sum up hundreds of real estate books and investing seminars and that word is PATIENCE! As long term landowners can tell you their investments have done well over time and not in short bursts. One of the top 25 landowners in the United States, Holland Ware, still owns the very first piece of land he bought when he was 15 years old!
Land must always be there for it is the foundation of everything in our society. Without land there would be no economy because we would have no place to build cities and businesses. The entire world depends on land and I think not even oil compares to it. If we don’t have enough land to build on, move to, or drive on then the demand for oil becomes a mute point.
TIMING THE PURCHASE
If you have ever thought about investing in land, now is the time to take action. In most parts of the country prices are still relatively low. However, be sure to first ask yourself if you have the patience to create long term wealth buying land. It is not a quick buck task. The old adage that money is made in real estate on the purchase still holds true even in this economy. If you are thinking about buying real estate, especially land, then think slow and steady. Research the properties carefully and execute due diligence on your research because the lowest prices on land do not always equal the best deals.
This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of LANDTHINK. Use of this content without permission is a violation of federal copyright law. The articles, posts, comments, opinions and information provided by LANDTHINK are for informational and research purposes only and DOES NOT substitute or coincide with the advice of an attorney, accountant, real estate broker or any other licensed real estate professional. LANDTHINK strongly advises visitors and readers to seek their own professional guidance and advice related to buying, investing in or selling real estate.