own land

I read that story, A Tree Grows in Brooklyn, this became one of my goals.

I bought a little piece of land last year. We wanted to build a house on it, but with the property values on a constant rise, we found that piece of land to be a very good investment. It has more than doubled during this year. Now we want to sell it and buy another piece of land in a different area and also build a house, both out of the money earned with the first piece of land.

that one day I could own a piece of nice fertile land,, somewhere overlooking the sea. nice climate of course.. a small functional house. nice village nearby,, down to earth. I would visit from time to time,, and when I grow old I could settle down there and have it as a base between travelling.

boo hoo the ones I liked are gone. curt says they will be back, they are rotating but I don’t think so. Hope next month something better will be there- this month is just too disappointing. sniffle

i hope to buy some land in probably northern ontario-10-50 acres seems right. Hubbie wants some water on it and I need to be able to get to a town Hope to acheive the downpayment in 2006 or early 2007. wish me luck

a friend is thinking of buying land/house.
And renting said house to many peoples. I like the idea greatly. If I get the chance, I’m definitely going in on it.

I wish there were a “Meh, Whatever” option or a neutral option in between “Worth Doing!” (enthusiastic approval) and “Not Worth Doing” (dissuading). I don’t feel either of those things.

I think it’s worthwhile to own a house or purchase some kind of real estate… just because they’re not making any more of the stuff. I couldn’t deal with strata council politicky crap, so I would stay away from condos if I could help it. The possibility of being evicted at any time keeps me from renting.

It could just be that housing in Vancouver, BC is hideous. Anything I could stomach living in is at least CDN$500K (and that’s a real fixer-upper). Renting an apartment or a small suite in a house is at least $500/month. Renting a larger suite or an entire house costs well over $1000/month (anywhere from $1000-$1500/month or more depending on location and space)... which looks almost like my monthly mortgage payment(!).

But owning land and owning property are not for everyone. This is why I don’t really like that “Worth Doing!” designation. It isn’t something I’d recommend to anyone at random. Maintenance costs, upkeep, property tax, mortgages are not burdens that everyone can justify taking on. And there’s a big “staying in one place” factor that not everyone can or wants to do.