Mark Twain was as right in the 19th century as we are in the 21st century, they aren’t making any more.
How important is an asset is land?
The value of land can outpace inflation.
In 2018, the median price for a single-family lot of land in the U.S. rose 4.4%, nearly double the 2.4% average rate of inflation last year. That’s according to U.S. Census Bureau Data published by the National Association of Home Builders.
Location, location, location – is the mantra for real estate, but it’s also important if you’re buying land.
Your choice becomes personal.
What is important in a location?
Think of this:
natural beauty like mountains
proximity to cultural centers like museums and universities
an easy drive to airports
If you’re raising a family or considering a quiet vacation spot, the location becomes a deeply personal choice.