Friday, October 4, 2013

The Rich are Buying Land Why not You

As the wealthy get wealthier, they're putting more of it into land. America's 100 largest individual landowners added 700,000 acres to their landholdings last year, according to the Land Report 100, which is created by Land Report and Fay Ranches a brokerage firm and reported by CNBC. Those 100 individuals or families now control more than 30 million acres, or 2 percent of America's entire land mass. What are they buying? Looks like Ranches and Farmland, timberland which they lease out to farmers and loggers. Some of the recent holdings are by John Malone a Cable Titan who bought 120 acres in Florida, and Ted Turner (CNN) who bought 2 million acres, Jeff Bezos of Amazon who bought 290,000 acres, the Koch family with 239,000 acres and hedge fund titan Louis Moore. Why is this important for Antelope Valley Titans, well duplicating what the rich do can also influence your pocket book for one. You don’t have to buy hundreds of thousands of high desert land in the Valley. But these large land buyers don’t by thousands of acres just to hold. They investigate before they buy and they assess value with risk. They invest for the future, although some may donate this land for conservation purposes and develop elsewhere. But for investors looking longer term so when others get in on the low end of the market then it is a positive sign that low priced land may also be available for you in places like Antelope Valley, We have a number of low priced industrial land for sale on our website

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