Having exited the real estate market, lions feel sorry for anyone just embarking on a land purchase.  It's only worth it in certain cases.  It definitely needs to have a business case, either as a primary residence or a rental.  It can't be a passive investment like the movies.

 The old man drove to Placerville every weekend in 1987, hoping to buy land.  We looked at a lot of cold, run down cabins.  Most everything in those days was built in the 1970's.  Rather than log cabins, they were manely plywood.  He didn't realize the amount of manetenance, property tax, road building a cabin would require, but assumed the appreciation would outweigh any costs.  He bought an SUV specifically to reach undeveloped land in that area.

 That led to a spate of house hunting in 1988, which led to our move out of the greater bay area.  He finally bought & developed land in the late 90's.  He was still driving around looking for land as late as 2000.

 

Interestingly, the owner of the harlan house bought it for $1M & marked it up to $6M after it burned down & lost its historic category.  He made a lot of money from it burning down. Not a particularly great location, next to the freeway & far from everything.  It would need a sound wall at minimum.  

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The power of mane compels you.

 

 

 

 

 

 

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