Dauntless wrote: ↑
Dec 16, 2017 11:37 pm
Yours is the type of land that becomes unsellable in a recession, as the people who would buy it are the hardest hit.
That's what Steven was telling me, the people who buy land like this would run out of cash. I guess running out of cash implies lower land prices for those /really trying to sell/ and unsellable for those asking for the prices that were there during the peak (That possibly being right now), so effectively the price would go down.
I guess those people who are hit less hard in the better areas, would still retain value a little bit more since a much greater percentage of people would've kept their jobs and income in those areas, including the people interested in purchasing in those areas?
I didn't really buy for resale value, but as a segue into the Houston area. First stop.
I guess I'll treat all properties I don't intend as finally settling into as investments and do some kind of tenable rent-seeking (Land rent, duplex rent, rv park, etc.).
I think I'll keep off permanent improvements on this property until I designate a final design. Duplex,etc. If I were to put a small abode for the short-term, I'd ensure it could be expanded into a duplex.
I originally intended to build my dream-house here, but having guns shooting behind my property is not exactly a dream! I think I'm learning my dream house needs a NON-nightmare neighborhood, lol.
When I move out of the area, I wonder if I should retaliate against my neighbors? I don't want to, but if I think it might reasonably clean up the neighborhood, it might be good for neighborhood. But would it clean up the neighborhood since it appears to be the entire family? Probably not. So there doesn't really seem to be a practical longterm gain to apprehending the individual criminals that might get caught. So even if I move away, there doesn't seem to be any realistic benefit to retaliation. And really, I don't have the kind of freetime they appear to have. Any freetime I have gets devoted to work and income-seeking, lol. I don't waste too much time on nonproductive things like that.