Every day there are more reasons to invest in land

Months after my last posting to this blog land is still the best choice for a place to park your money. In fact there are more reasons than ever to invest in land. As unemployment rates rise and business and interest rates decrease we are sinking deeper and deeper into a state of "deflation". In other words, the economy stinks.

Lower interest rates and the stimulus packages are not working - - that is a separate topic. But we continue to create more money. There is a price to pay - - and we cannot avoid it. We are headed for inflation: too much money and too little product. Prices will soar and the dollar will have very little value in the global market.

It would seem that gold and precious metals might be a good alternative to the industrial stock market. It is logical that in a period of inflation these would be good investments. But the precedents set during these extreme times have given the financial overlords the right to manipulate most every aspect of our economy and gold may be no exception.

Land, however, will remain a solid value and prices will follow the value of the dollar. Don't count on taking any profit in less than 3 to 5 years - but if we recover - and I firmly believe we will - land will recover first and with the most significant increase in true value.

Land values will fluctuate - - but never below a solid value base.

Foreclosure auction - - phone calls about properties

Sullivan County Foreclosure Auctions - 2007-2009
There were 87 properties auctioned at the county foreclosure auction in June of 2007. In June of 2008 there were 132 properties up for auction, and more than 180 in 2009. Not surprising, in line with what you would expect as fallout from the "mortgage crisis". What you might not expect is the number of homes which were primary residences. Only two of the 132 properties were primary residences. The rest were investment properties, second homes etc.

Houses for sale - at bargain prices.
There are more than enough opportunities in undeveloped properties to "buy and hold" for our investors. These properties need much less work to maintain than houses that need work and rental management and, of course, much lower taxes. If anyone is interested in developed properties - let me know and I will direct you to them.