No. of Recommendations: 0
Real estate taxes are likely to eat up any appreciation you see. Keep your flexibility by investing that money into something that you can expect more return from, then you can buy a lot when you are ready to actually build there.

What you say is true. But you neglect to account for the fact that this may be the subdivision they really want to live in, and if he waits 10 years to buy a lot, it most likely will not be available in that location anymore. He'll have to buy elsewhere.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.