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Real estate
Investing in lands in the rural area
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[QUOTE="Alexandoy, post: 215314, member: 25510"] I have a plan to buy land in the rural area that is at least 1 hectare for the purpose of a personal farm (not for business). However, I find that the price of land in the nearby provinces are already high that it is almost half the price of land in a suburban town. The reason for the high price, according to the real estate agent, is the potential development in the near future. I can agree with that because all the rice fields in the suburbs are now converted into residential villages and some even have low rise condominium buildings. When I received the financial benefits of my wife from her employer what came to my mind is time deposit in the bank. But the interest rate is pathetic at less than 1% per year. I am also looking at stocks for my investment but it is not as stable as real estate. However, the drawback in real estate is when you buy now and later you would need to the money. It takes time to sell a property much more a land in the rural area. For the stocks, it can be sold within the day or maybe 2 days at the most. [/QUOTE]
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