Originally Posted by Wolf359
Originally Posted by Ws6
I just buy land in desirable areas. Last purchase was for $55k, and sold it for $70k 3 years later, while enjoying hiking shooting and camping on it. They dont make any more land. They keep making people. Land is "real" property/product. Not some ticker board or electronic value.
Was that 15k your net return or did you also have fees and other expenses associated with the purchase and the sale? For mutual funds, there's no fees for purchase or sale. Anyway, my basic math says that's about a 27% return or about 9% or thereabouts per year vs the 3 year on the Fidelity S&P at about 11.71.
People move away too, look at Detroit. In any event, real estate is also good, I'm also diversified in owning rental property.
After it was all said and done I pocketed something like $10k as I recall. 20%+- return after 3 years, of something I enjoyed the use of during that time, so around 6% and change per year, and THAT land wasnt even in the best area within my area. It was half of a mountain side with very little buildable space and no development done. 34 acres. Had I bought 1/3 acre lots in a better area...
Originally Posted by Ws6
I just buy land in desirable areas. Last purchase was for $55k, and sold it for $70k 3 years later, while enjoying hiking shooting and camping on it. They dont make any more land. They keep making people. Land is "real" property/product. Not some ticker board or electronic value.
Was that 15k your net return or did you also have fees and other expenses associated with the purchase and the sale? For mutual funds, there's no fees for purchase or sale. Anyway, my basic math says that's about a 27% return or about 9% or thereabouts per year vs the 3 year on the Fidelity S&P at about 11.71.
People move away too, look at Detroit. In any event, real estate is also good, I'm also diversified in owning rental property.
After it was all said and done I pocketed something like $10k as I recall. 20%+- return after 3 years, of something I enjoyed the use of during that time, so around 6% and change per year, and THAT land wasnt even in the best area within my area. It was half of a mountain side with very little buildable space and no development done. 34 acres. Had I bought 1/3 acre lots in a better area...