I've first posted this on the realestate investing board, but now that I think about it, this is a better place. So, please excuse the cross-post:DW and I met in graduate school in Austin, Texas. We moved to South Florida last year, and plan to be here for the next 10 years or so. We're still young (me 27 and her 25). But, we hope to be life-long wealth builders by making plans now. We have a fantasy of retiring back in Texas, and the Austin area. We're big UT fans, and want to get season tickets to football and basketball and go to every game! There is a region developing west of Austin, with lots of undeveloped land parcels (.25 to .5 acres for $2000 to $5000). What considerations should we make if we were to look at this scenario as a long-term investment and retirement goal? Obviously there would be the acqusition costs, taxes, etc. But, could we keep a parcel of land undeveloped for 15 years? We obviously could sell the parcel down the road if our plans changed, and it was still desireable. Could we be forced to develop it or sell it as the rest of the community grows? Thanks again,R.H.
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