Despite the collapse in
the real estate market
for new housing starts
and the bursted bubble
in so many of America’s
largest real estate
market not all real
estate has slowed to
bargain basement prices.
In fact in many now
built up suburban
neighborhoods, raw land
for commercial
development is still at
a premium. This is a
very interest situation
considering the downtown
commercial real estate
markets, office parks
and residential markets,
which are so typical of
down markets in post
bubble periods.
How can you find good
deals on raw land? Well
it is easy if you are
not so particular to
where it is and you are
only buying for
speculation. Most cities
grow North and West so
that is a good bet,
especially if the areas
are growing towards a
lake, river, mountain,
ocean or Indian Land.
Why? Well, because as
the growth continues it
will squeeze heavily on
the remaining areas left
as the land becomes more
and more scarce. Thus if
you have such a piece of
property, well it may
just be the nest egg you
need and you can wait to
sell out to the highest
bidder in the future.
Is it difficult to spot
such prime real estate
land to speculate in?
No, not really, but it
takes a little patience,
review of the local
master plan for the area
and a little insider
knowledge as well. But
all in all you can
generally sense the
growth in an area by
watching it for a few
years, but do not wait
too long, as the goal is
to buy low, hold and
sell very high. Consider
all this in 2006.
