/finance/ - Finance

Not financial advice but an observation: out here land that can't be built on gets passed around looking for the next sucker. It's a big one, if it doesn't have utility hookups, active well, completed septic, or permits are impossible because of reasons - the land is just a placeholder (and liability). 
Also the cell service will be bad out there so you can't even digital nomad that stuff in a van or anything if things go badly.

>>411
Not sure where you're from Anon, but the market is a little different here. The land in question is not purely speculative. Many people have properties solely for recreational purposes. In many cases, the land is undeveloped by necessity for its use.

>>411
I hit the reply button before I was done.
Anyway, your point about the lack of a well and utilities is sound, at least in so far as it would require additional development for innawoods. As a liability, I don't really see one, outside of property tax (jewry). That is a hamper on any growth or even a detriment if the value diminishes for any reason. That and the interest involved in a loan are my main reason for holding off. As for cell service, it's a non-zero chance coverage reaches there, as there is a college town in the general vicinity. Even if not, satellite internet should cover the property, although Id only ever bother if I had to bug out there. In any case, I have decided to hold off on the purchase until I have enough wealth to avoid a loan or a drastic market change occurs. Truth be told, my net worth is only 100k, which for my age range is above average, but I'd like to see it reach 250k as soon as possible. Right now, I feel that's a lot more likely with metals and bonds than land.

Daily reminder that a new BO for /finance/ is being sought. Please consider it, Anons.
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>>413
Bonds are a bad choice in this late stage USD end game. I sold all mine years ago during the coof, and bought gold & silver. And I didn't have much in stocks (just the mandatory 401k) but I sold those too. I bought gold coins for under 1800 euros, and silver coins under 24 euro per oz. Now you can compare with current prices and see that was a good choice, and we haven't even seen any real action yet.
Remember, anything you don't physically hold can be easily taken from you. That means investment accounts, bank accounts, crypto exchanges, and even contents of safe deposit boxes in a bank vault. This is all low-hanging fruit for the criminal cartel to take, like candy from a baby. In the EU they're already openly talking about taking it. And of course they have a corny excuse to do it ("defense" against Russia boogeyman).
https://www.eunews.it/en/2024/02/23/too-much-money-sleeping-in-the-banks-eurozone-wants-to-wake-it-up/