One of the "best buy" segments in a real estate suppressed market, especially in a secondary home/discretionary area, might be undeveloped land.
In a downmarket moment, a buyer isn't looking for a holding property & isn't interested in a building project. Prices may come down substantially from headier days, and may suppress further in raw land options than in residential choices.
As the downturn lengthens/sharpens, most sellers reduce prices and all are looking for offers...perhaps owners of raw land become even more aggressive in what they will accept.
It may be that we will look back in about two years & decide that the bottom-bottom of the adverse market was reached between Oct 2010 and Oct 2011.
If the market really began its downward slide in 2006, then we are now in year seven of a seven to ten year cycle...slowly creeping up?
So many concerns...the implosion of the eurozone, the explosion of economic power in China & India, the immense debt in the U.S., the fabric of mini-wars & societal distress, the reworking of our entire world view in the wake of the huge shift delivered by the Internet...a time of stress, collapse, & even opportunity. All depends on where you stand in the cycles....
And what about the currency itself? Inflation vs deflation, value of cash itself...a good idea to consider the holding of a unique asset?
Call me...let's view some amazingly good opportunities in land holdings, on a uniquely beautiful Gulf Island...low interest rates, affordability, good selection, motivated sellers...a recipe for investment? Hmmm....
liread33@gmail.com
How may I help you to discover special Salt Spring Island & the Southern Gulf Islands? Call me!
