This might not be applicable everywhere but in my Country Nigeria i can attest to it.
Land price is ever growing and its supply is gradually reducing(limited supply) which has helped pushed the price more,unlike some fixed assets which depreciates in value with time.
Lands in the time of old was barely of any value. Something man just met and didn't know how valuable it is. In the past, couple of decades ago the prices of land were cheap due to its abundant supply in my country but now to buy a land is not something one can just wake up and do. Its very expensive especially in developed areas and even the rural areas increased the prices because demands is getting higher than supply. A land that could be bought for #5000($3.8 ) is been sold in millions of naira (>$2000).
This phase of growth to me could be likened to Bitcoin, while Land is in the physical realm Bitcoin occupies the digital. During Bitcoin inception its price was zero,many didn't consider its value but as times goes on the world started seeing its importance and many smart individual are holding already. It reminds of grandparents who kept their lands for years and later sold to school their kids abroad or improve the status of their family.
Now the price of land is so high that it would be difficult to get some acres by an average family but not Bitcoin. Since its divisible one can buy as little as a dollar and enjoy the privilege of fore fathers in getting their land at a relatively low cost.
Land was an opportunity for the past century and still till date, Bitcoin is one of ours. We were fortunate to be around the era where it can be bought by anyone. So try to take advantage of it.
Land owners who didn't enjoy their investment paved a great foundation for their children.
Bitcoin supply is limited like land and would continue to grow in price as inflation continues to affect the world.
In my country, especially in products gotten from lands like agricultural products, the law of gravity doesn't apply. As it rises yearly, the increase continues.
Buy now and don't start waiting for huge dip before entering. Trust me you would miss out.
There are people that sold their lands around 5 years ago and are regretting not keeping till date.
In the case of having a land, i believe leasing is better.
Its better for your regret to be not buying more than for it been not buying at all.How's the price of land in your country?
Have you ever thought been in the time where land was cheap and bought alot?
Are you boarding the train(cheap) of Bitcoin holders or you want to wait for private jets?
Always had a thing for land / Real estate, so I can say both are really good investments options.
1. I'm from Nigeria so the price of land is basically the same as yours.
2. Yes, I have. If I had the knowledge I have now about land and Bitcoin at the time they were cheap, I would definitely bought alot.
3. Definitely boarding the train, I don't want to be amongst those who would regret in the next 5 years to come.