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?
True, Land has historically proven to be a valuable asset which tends to increase over time and I remind you. My parents also advised," if you have more economic convenience, buy land that is strategic, or has potential value, even though currently no one wants to buy the location." I think this message really educated me to invest. and true what he said. today the location is a great place as population grows and the need for housing and business.
As for your claim that only the rich and controlled by people with political parties can afford land, this may not be quite right. many are still capable but have not had the opportunity.