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Real Estate Question: What Are Disadvantages Of Purchasing A Land?
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[QUOTE="Mika, post: 238420, member: 29399"] I do not see any disadvantage in purchasing land. In fact, I believe it is better to invest in land compared to a house. YOu can invest a comparatively low amount, yet receive more profits. For example, if a piece of land cost x, you might have to pay 2x to buy a house. However, if you are selling back the house 5 years later you might hot get a better price for your house because with each passing year the price of your house depreciates because the house will continue to age. You might get just 10-20 percent profits by selling your house, however, you might get 3X or even 5 for your land 5 years later because the price of land never goes down. The only disadvantage, if it can be called disadvantage that I see is you can start collecting rental income or save money in rents when you invest in house, whereas you might not directly make n income from your lnded property. However, this does not mean you cannot rent out your land. You can still rent out your land for a warehouse etc. and collect rental income. If have a piece of land you can take a loan to construct your own home. [/QUOTE]
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Real Estate Question: What Are Disadvantages Of Purchasing A Land?
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