Quote from: Fakhrulenclix on June 22, 2023, 09:04:06 AM

Quote from: FiveG on June 12, 2023, 10:41:06 PM

Half of the rich people keep continue to swim in fame and wealth because of their occupied landed properties. If you own a land, housing estate you can be sure living great but this wealth are mostly control by political leaders and BD individuals......if you're blessed enough begins to occupy property's that can sure your next generation... In my country Nigeria if you don't have any of this properties forget yourself, you will end up making life mortgage and tenancy. Land never depreciates it keeps buying higher that's why I considered it the best investment. What do you think?

That's absolutely true and those who invest in land are those who already have a lot of money, land is a long term investment with very little risk (almost none) and also a small profit possibility because the movement of land prices is quite slow, this is only suitable for Long term investment and for people who already have a lot of money, of course, land is a good investment.
But not for people who are struggling to make money, there are many other investments that have the possibility of big profits such as investing in crypto.

I think that's not true in a sense. By that I mean there are cheap lands too, like I can find a land that is not allowed to build a home or anything, it's a small land with no right to build anything on top of it, just empty land for no good use, and I can buy that for less than 1000 dollars, because nobody can profit by doing anything there, it's useless, you can't even put a small tiny storage there, so why would you want that? But of course, if we are talking about land that you can build a whole apartment on it, then yes you are going to spend a lot.

A friend of mine did so with a farming land for example, it wasn't a house building land, no rights for that, but he was allowed to put in 122 trees, he did that and he flipped it very quickly for nearly a double amount. All he did was get an empty land, get 122 saplings, plant them, clear the land of course, and he flipped it for double just with that much work.