Apart from the price which tends to rise almost every year, when we own land we can also use it for something profitable, such as opening a business on the land we own. Moreover, if the location is very strategic, we can use it to open a basic food shop, for example, or something else. There are many things we can do, of course we have to be creative in using them to be productive and profitable.
In my current environment, land prices are very expensive, especially in urban areas. Even those in remote places or villages have very high prices. So as time goes by, the price will rise, especially if something is built around it that will invite lots of people there, the price will definitely go up a lot.
Renting it out is the most rich thing I can think of. Having buildings, and I do not mean just like a home or apartment or whatever where people can live, I mean like shops, offices, factories and such, that you rent to other people? That seems like a great deal and I know a lot of people who invested in those things to get richer and they did, they are making a good income as well.
Most people are making a mistake by not buying plots of land, it's just a good idea and could become much larger in the future. I know that it is not going to be easy to handle it all, but it could very well be something that could make profit for some people.
You are right about this, we can rent it out to other people, so we can earn income without losing assets. But of course this requires a strategic location because it is also difficult if it is in a remote place, especially if it is a dead road or in other words a road that is not a main road and is only a road for people around. In my country there are many factories, so they use their land to build rental houses, clearly it is a very tempting business, there is also a luck factor that they have. Because to own land in a place like that is very difficult, because the previous landowner will definitely know what they will get if they have land in strategic places like that. So even if they are going to sell it, the price must be very expensive.