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Why most people never own land

By
Real Estate Broker/Owner with ATKINSON PROPERTIES GROUP

Everybody would love to have some land just outside the city to take their family to.

After being in real estate for 30 years , I have noticed that not ven realtors own land. Apparently it comes down to the old saying " the world is full of people who are going to do something tomorrow".

Most really really weathly people own land or got wealthy by buying it over a 10-20 year time frame.

It amazes me how people think the big corporation they work for will take care of them forever or their 401ks (which are now 201ks at best) is their safe haven .

It amazes me how people brag about their tax returns every year ( the money they loaned the government -interest free).

It amazes me how people think the word savings is a foreign term . However ,I have overlooked that their annual tax return to many is their savings -whoopee !!

 

 

Posted by

Bob Atkinson G.R.I.,C.R.S, E-Pro

"The Land Man"

Atkinson Properties Group

bobatkinson321@gmail.com

919-362-6999

Show All Comments Sort:
Geoff ONeill
John L. Scott Medford - Medford, OR

Vacant land appreciates.  However it does not generate income (unless you have some farmland to work).  What amazes me is that not everyone owns income property, which allows you to own property, and have someone else pay for it.

Dec 06, 2009 02:22 AM
Ed Newman
Alamo Infrared, LLC - Midvale, UT

I have been buying land all of my life maybe because grand dad kept saying - they're not making anymore land, so buy land.

Dec 06, 2009 02:32 AM