Why Buy Land Now?

There will never be a better time to buy land then when YOU decide to become a landowner. As Mark Twain said, ‘they are not making any more of it.” Land is a scarce resource or commodity much like gold. However gold holds no intrinsic value like that of a plot of land where families can build memories together and plant their legacy. That is certainly value that cannot be measured in housing reports or spreadsheets.

If you have ample savings and no debts, it’s a good time to consider how you might share some of your assets in the future to promote the things that matter most to you. “You want to put meaning into your money,” says Howard Kramer, a financial planner in Plantation, Fl.

In a recent MONEY survey it was found that most baby boomers want to live closer to their grandkids in retirement. And what better way to build that family legacy and lasting memories then by sharing time together on your own plot of land?

According to a poll commissioned for the National Association of Realtors, 60% of Baby Boomers want to retire to a small town. This poll was published in a recent USA Today article that concludes, “Boomers have an almost insatiable desire for real estate… they see real estate as a way to build and protect a nest egg.”

So why buy land now? “For a lot of people, it’s a dream to have a second home, but they really can’t afford it, so, they buy a lot.” Many Boomers are buying land with hopes and dreams to one day move on the property.

But it must be appealing recreational land….

“Say you’ve got a family looking. They’ve got plenty of money, their own airplane, and you start showing them ranches. You show them the quintessential place that looks like the Ponderosa with ice-cream-cone mountains and 10-pound trout jumping over [an] elk’s back into the river. There is no public access. Everything is perfect,” says Stoney Burke of Hall & Hall on LandReport.com. “Then the wife says, ‘What am I going to do out here?’”

It is always the best time to buy land, if it is what your family wants.