Is It Time To Invest In Land?

Thursday, November 5, 2009:

How many times have I said it?  Now, one of our Paul’s Blog readers has put in his 2¢ worth.  Read his comment, and then PLEASE tell me what YOU think.  Is it time to invest in land – or not?

“I believe land to be a great investment opportunity and have followed my own advice for some time.  The problem we are facing today is many banks are reluctant to lend money for real estate.  My experience has been they will more readily lend for raw land than for real estate with a home on it.  As you have stated before, it appears we have hit a bottom price support for most raw land.  The spring of 2010 should see a return to reasonable growth in land prices.  Now is definitely the time to seriously consider a land purchase if one is in that mindset.”
- Joe

If buying land as an investment is your objective, will you wait until prices rise again – or buy now?  Come on investors – the mountains are calling!