Quote:
Originally Posted by rowan
I live in an area which is currently experiencing "explosive" growth. It was a self contained town connected by a major highway for years, but as housing has grown outwards it's been joined up with the rest of the city (which is 20km/12.5m away) and it's just like another suburb now. I've been doing some local history research by looking at land titles, and was astounded to find that some of the open paddocks which are going to be developed in the coming years have been held by property developers since the 1970s. They were looking forward 30+ years!!!
If I had some spare $ and time to wait I'd buy up paddocks further out of the city and just sit on them, leasing them back to the farmer who I bought them from. I'm sure I'm not the only one who has that idea though.  |
For sure. If you know of places that are growing and could get the right deal it cold pay off big down the road. When I moved out to this town about 8 years ago there was a couple of large plots of land that all had commercial for lease signs on them. All of that land now has businesses on it and those people, who ever thought to buy that land in the first place, must be loving it.