My words of wisdom have fell on deaf ears for years...
Buy land, I would say.
Buy land, I still say today.
Over time, I have received a lot of strange looks and eye rolling. But today,
United Country Real Estate released some interesting statistics:
Rural land (non-Urban) values have increased by more than 27 percent, since 2006.
Based on United Country's closed land sales data, the national price per acre average increased from $1,691 in 2006 to $2,142 in 2008.
When compared to a roughly 35% decrease on Wall Street since 2006, land investment has become an attractive option.
What does this mean, exactly?
If Investor A put $100,000 into the stock market back in 2006, he would have roughly $64,000 today - perhaps even less based on the closing bell this week.
If Investor B put $1000,000 into land on that same day back in 2006, his investment would be worth approximately $127,000 today -
perhaps even more based on which part of the country he invested in .
Dan Duffy, the CEO of United Country sums it up nicely:
for recreational purposes such as hunting, fishing, hiking, camping, vacationing
or as a source of additional income by purchasing cropland or hunting leases that allows them to receive cash rents."
I love land and never tire of it's beauty. I'm not sure how many people can say the same of Wall Street!
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Debbie DiFonzo, GRI, SRS, e-PRO
Broker/Owner
United Country VIP Realty
417-532-2031 Lebanon, MO
417-468-5900 Marshfield, MO
Serving Laclede, Webster, Wright and Dallas Counties in South Central Missouri
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