Do you look down on Bushy or undeveloped areas? - page 5.

Lanatsa

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Quote from: Rockstarguy on July 17, 2022, 12:46:07 PM

Have you ever or come across friends/ family members feel regretting of not buying land property in an undeveloped area that later turned a city after some years, houses/land property becomes very expensive. Time without numbers of have always heard many people how they gave histories about some areas when it was coming up land was sold for a very little amount of money, then they had opportunity to get land for a penny but not interested of it because it was bushy and not developed.

After some years the place gets developed by people who endured and quickly moved in no matter how it was bushy and undevelope. Most of the people I meet making complain like this never had opportunity again to afford a piece of small land again because of much responsibility of life.

It seems very painful because of the amount of money spent for renting a house annually. Do you think buying your first landed property in a bushy area is a good investment for the future.

There are situations in life which cant really be avoided where you do really need to sell something just for you to survive or you are really in need into those times and find out those things had been sold had made out

a significant value all over the years had passed and yes it could really give out that kind of stress on someone but lets just move on and dont make ourselves get hooked back in the past.

Past is past and there's no way that we could turn back the time and its more important to look forward and plan things up ahead at least you do make yourself much more wiser compared in the past.
Better to think and act on what you would really be having plans in future and dont make yourself shackled because that would really be a big hindrance on your current progress.

Rruchi man

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Quote from: Rockstarguy on July 17, 2022, 12:46:07 PM

Do you think buying your first landed property in a bushy area is a good investment for the future.

If I had the resources to, I will buy any sort of land even a waterlogged, a swampy land etc...Land is getting scarcer by the day, and that means more valuable. My city for instance is so densely packed that there's barely any land for sale in the city, to get a space to erect a new structure, you have to buy an already existing property and demolish it to build your own if that's your wish. It is an indication that land is becoming more valuable as development is spreading fast. To own any sort of land not just the bushy ones is a good investment for the future.

Kakmakr

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My mother bought a piece of land 20 years ago....in a underdeveloped area when there were zero services on those plots. (No Water & Electricity or Internet access) ..... she built her first house on that land and services were installed a year later.

The location was perfect, because it was beach front property ...with unobstructed views of the ocean. She sold that property for a massive profit after 20 years and was able to buy 3 houses with the profit. (2 x rental properties that generated passive income for her retirement) Wink

yhiaali3

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Indeed, it has happened to me more than once with more than one person, my father, uncle and others. We often passed in a commercial street crowded with shops and people and they told me that they had the opportunity in the past to buy here when this street was empty but we did not, many areas seem at first glance Empty and remote as the desert, but luck plays and this area becomes one of the most expensive areas in the city as a result of the passage of an important road or a huge project or other sudden events that transform the area into something completely different.
This is a stroke of luck, in my opinion, because many people have bought into vacant places at cheap prices hoping that it will become an expensive commercial area in the future, but this has not happened.

Sebas.tian

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Quote

As long as you think you can live their and still have a good neighborhood, then why not?
Basically, we buy a house or land on a place where we can find peace and security, buying a property is not easy but its the goal for most of us here. I also have my dream of having my own house, and my top priority is the budget and of course the location of the property, though I prefer to have a property on a city proper.

I think, having properties in the city is more favourable because anytime you want to sell the properties, it will still give you a huge amount of income compare having a properties in undeveloped areas were insecurity is not allow people In the environment to move freely in the land. Investing on properties is very good, but make sure you have the money to invest on a particular properties that will not make you to regret for the money you invest on such properties, because there are some properties that doesn't have future benefits based on the location the properties is located in the community.

ultrloa

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Sometimes we didn't expect this things to come so for sure normally we experience something like this from the past. But what good thing about downplaying a place is we learn something on those areas because at this moment we can take action on un develop areas and make it as part of your investment. For sure we can still see a lot of opportunities since each province or cities are improving.

Wexnident

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I don't take loans, ask for sig if I ever do.

Nope. I'd consider land as any good land imo since development would come and surround it sooner or later. If you were able to partake and join in developing that land together with the surrounding lands, then you'd be able to make profits in the later years. Ofc lands have different values in themselves but that's a different issue imo, a land would always have value that you can take advantage of if properly done, especially with the amount of commercialization the world has already experienced.

erep

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I remember the last time there was information about land for sale at low price located behind the city, my friend was very lucky to have bought the land because he had received confidential information from his friend who works in the contractor department said the government is planning to build a new road in the land area, the land is now worth more than 2x the previous price and he has no intention of selling it due to the strategic area of the property as the main access road to the city.

davis196

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I live in the country where the population is decreasing and more and more houses and apartments are left empty.
Your problem is more related to country with growing population, where the cities are growing and some villages are turning into cities because of the increasing population. Some developed areas are slowly turning into bushy undeveloped areas in the place where I live.
30 years ago the real estate prices in my country were 10 times cheaper than now and I remember my mother expressing regret for not buying an apartment back in 1992 or 1993.
I don't want to buy a house or apartment, because I don't have kids and I don't plan having kids. What's the point of buying a house or apartment, when nobody will inherit that property after 20-30 years?

livingfree

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Quote from: Husires on July 18, 2022, 05:35:48 AM

Investing in an investment opportunity that you do not have enough detailed information and experience is a form of madness or gambling.
you find that millions of people are buying property because of the recommendation of parents, real estate consultant, broker or other people who have asked about their price and commission without taking the risk with you if you lose your money .

We may all go through similar stories, but there is no need to regret, there are new choices every day.

It all really depends on how you look into these opportunities. If you believe that someday it will be a great place where land developers are going to come and make it as an urban place, your investment has been worth it.

But eventually, majority of the land are going to rise in prices because development is continuous per area. So, if that's a positive on your outlook and opinion that you see that someday it will be a place where a community will be built, you may want to take it and let it your money there for years.

Only if you don't need that money now.

TheNineClub

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I would say I wish that some land was bought by my family some time ago, not to be sold now when the prices are high, but because I personally am unable to afford living in those parts because the prices are high. And we are not talking about Manhattan here xD Wishing that only to make a profit is just sad. But the issue of younger people not being able to afford something their parents took for granted some years ago is an ongoing issue that seems to be creating friction between the generations.

Husires

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Investing in an investment opportunity that you do not have enough detailed information and experience is a form of madness or gambling.
you find that millions of people are buying property because of the recommendation of parents, real estate consultant, broker or other people who have asked about their price and commission without taking the risk with you if you lose your money .

We may all go through similar stories, but there is no need to regret, there are new choices every day.

Mauser

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Quote from: Rockstarguy on July 17, 2022, 12:46:07 PM

It seems very painful because of the amount of money spent for renting a house annually. Do you think buying your first landed property in a bushy area is a good investment for the future.

It depends on how much time and money you want to invest in a big project like that. My grandparents were the first to buy a piece of land far outside of the city. We still have the aerial pictures from back then, there were no roads, no lights, no infrastructure, only our house. And now 80 years later we live inside the city. It's hard to predict how big cities can grow, but if you are willing do wait all your life then everything is possible. The problem is that my grandparents invested so much time into building up the house and garden, and they had to pay for so many things, like development of roads, canals, traffic lights and later even the Internet cable. All the people who moved later in the area didn't have to pay for all these things, they had to pay for much higher land prices.

bittraffic

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Quote from: Zlantann on July 17, 2022, 11:37:25 PM

Quote from: hugeblack on July 17, 2022, 01:13:00 PM

The idea is to predict the future of the place in the medium and long term, not what is the case now.
We should also not forget about variables such as taxes, annual fees, government plans, ease of access to services and what customers demand.

Sometimes it is very difficult to predict the future of a place especially in countries that suffer from political instability. In my country new government always abandon the plans and developmental strategies of the former government. It might sound strange but that is what happens. Hence, if someone purchase a land in a place mapped out by the government for a particular project, immediately the tenure of that government expires, the next government would abandon the plan. Such lands would immediately loose value. My family bought a property in a location where the government wanted to situate a stadium and a multi million Dollar amusement park, but the government was kicked out of office and that land is a farmland till date because we can't build the proposed residential area again. Generally I feel investing in bushy or underdeveloped areas is cheaper but the time and possibility of benefiting or profiting from them is unpredictable.

Remote areas are only good to settle in for awhile when there is already a developed community and established businesses. Its hard enough to just stay in the remote area where youre going to travel half a day for groceries. Its necessary to have a grocery stores nearby, schools and hospitals which a real property investor would look for before buying.

Near my place is a tourist destination but its not very developed down the mountain but we do have a Chinese company operating which somehow made the community busy. With this company, the price of the lot somehow had risen.

Zlantann

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Quote from: hugeblack on July 17, 2022, 01:13:00 PM

The idea is to predict the future of the place in the medium and long term, not what is the case now.
We should also not forget about variables such as taxes, annual fees, government plans, ease of access to services and what customers demand.

Sometimes it is very difficult to predict the future of a place especially in countries that suffer from political instability. In my country new government always abandon the plans and developmental strategies of the former government. It might sound strange but that is what happens. Hence, if someone purchase a land in a place mapped out by the government for a particular project, immediately the tenure of that government expires, the next government would abandon the plan. Such lands would immediately loose value. My family bought a property in a location where the government wanted to situate a stadium and a multi million Dollar amusement park, but the government was kicked out of office and that land is a farmland till date because we can't build the proposed residential area again. Generally I feel investing in bushy or underdeveloped areas is cheaper but the time and possibility of benefiting or profiting from them is unpredictable.

edgycorner

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This question can't be answered with a yes/no

It would depend on a lot of factors. In general, buying undeveloped land can be a good idea if the buyer has a specific use for the land in mind and is willing and able to develop it themselves. However, buying undeveloped land can also be a risky investment, as the value of the land may not increase as much as the buyer expects and the development process can be expensive and time-consuming. As the development process can take a long time.

boyptc

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There is the same feeling that I've thought from a relative of mine when a property was offered to them. Actually it doesn't look good but it's along the hi-way and that's why the location is really good but they've rejected it and didn't bought that. Now, I used to pass through that property and it's already developed that.

It is the reason why I feel this topic and if I'm the one on their situation before, I'd probably have bought a lot of it.

Quote from: Rockstarguy on July 17, 2022, 12:46:07 PM

Do you think buying your first landed property in a bushy area is a good investment for the future.

Really depends on the options, if you've got no options and you see that development on that area is imminent then you go for it since most land properties that are in that type of location are cheaper.

Gozie51

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The issues raised in the OP is still going on currently because nothing is new in the face of the earth, people are still regarding some areas that they have offer to buy land as bushy, interior village or underdeveloped. There is nothing wrong to call such environment such names though but what is wrong is not to buy any land in the so called developed area at the end of the day because in the future that underdeveloped area will metamorphose to developed area yet you don't have any to call your own. Buying of land is good investment depending on the plan you have for it and sometimes, it is also good to buy for keep instead of leaving your money with the bank. Land appreciates with time and you can't say that for money in the bank. Land appreciates with reasonable percentage.

crzy

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As long as you think you can live their and still have a good neighborhood, then why not?
Basically, we buy a house or land on a place where we can find peace and security, buying a property is not easy but its the goal for most of us here. I also have my dream of having my own house, and my top priority is the budget and of course the location of the property, though I prefer to have a property on a city proper.

naira

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That is why the ancestors always give advice so that what they leave behind should not be damaged and sold. Since it was their only inheritance, a piece of land that had to be used in the future. Speaking of land for sale, it depends on how much potential an area has to produce seeds of wealth. The potential of natural tourist attractions is very strategic and also has good long-term prospects. I experienced this when I didn't buy a house that was still cheap and is now the most crowded place and the price is 100X more expensive.

Topic: Do you look down on Bushy or undeveloped areas? - page 5. (Read 874 times)