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 Originally Posted by zook
Naw... but suspending the gambooling for a little time to alleviate one source of somewhat artificial downward pressure is not a bad thing. I don't have a real problem with them just cutting some noise from the system for a little bit while everyone works through the response...
Originally Posted by BankItDrew
Can I get anyones opinion on investing in land? I'm looking for a safe haven and think that land would be a great resource to hold onto during these times.
Be really careful on this bro... "The Good Earth" aside... land is only as valuable for highest and best use. It also suffers from serious lack of liquidity, high transaction costs and zero portability. So if you're talking about undervalued commercial or residential property in established / high-demand neighborhoods that can be had at the right price... sure, good to diversify. If you're talking land where almost nobody lives or works now and may or may not ever live or work and you have no desire or ability to live or work there just 'cause it's land... not good, and usually borderline horrible as an investment.
I know more than a couple of people who've been sitting on acres in Wyoming, Montata, Arkansas, Florida, etc. for over 20 years 'cause land was the safe place for their money... Inflation & time value of money adjusted, they've done nothing but lose money - not that it matters, 'cause they can't get any of it out unless they can find someone to actually buy this cr@p from 'em...
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