Quote from: franky1 on July 23, 2024, 10:31:11 AM

Quote from: libert19 on July 23, 2024, 07:42:57 AM

Quote from: Mrbuck on July 04, 2024, 10:53:03 AM

Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

I like land because of freedom it provides. You can build shelter over it, grow food on it, if you want to move from one place to another — you can always sell it.

land is not freedom
a. property taxes/ maintenance costs means its an ongoing costs, these days you even get fined by local government for not maintaining property
b. your not free to build anything, you need permits to do things these days, the only thing you dont need permits for is to paint the internal walls. c. externally like building extensions, groundwork, new builds even external paint usually needs permission from state or a HOA
d. if you wanted to change the purpose from agricultural to residential you need permit. or the opposite way round
e. as for selling it, thats not a guarantee. land can lay unsold for months/years or become valueless if the area becomes a ghosttown

It's important to consider the cost of tax and maintenance before choosing properties as an asset. It's strange to hear that you need permits to do many things on a piece of land in some countries. This is because, in my country, land is a good investment. After all, there are no land or property taxes, and you are free to build any kind of house you want, except the lands are reserved for a particular design by the government. You can easily convert a farmland to a building and vice versa. Many buildings in my country are not maintained, and the government cares little about that. The government will only sanction the owner if it has started to house criminals or collapse where people were injured or killed. The high population in urban areas has made properties in high demand, and it is very easy to rent out or sell a property.

However, the property business can be affected negatively by natural disasters or violent conflicts. Many people lost their properties when a town became flooded because of global warming. The flood submerged these houses every year during the rainy season. Properties become worthless because nobody wants to reside in that area. We also had tribal and gang conflicts in areas, which led to the destruction of lives and properties. Many people had to cheaply sell their properties to avoid being attacked or killed.