Why Rich People Buy Raw Land

Have you ever wondered why wealthy people invest in raw land? In this video, we'll explore the reasons behind this investment strategy and how it has helped many individuals build their wealth. From the potential for significant returns on investment to the ability to have complete control over the property, buying raw land provides a unique opportunity for investors to diversify their portfolio and hedge against market volatility.

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*DISCLAIMER* The contents of this video are for strictly educational and entertainment purposes. This video is not intended to provide financial, accounting, tax, or legal advice. For financial or legal advice consult with financial advisor or lawyer.

[timcisneros]

My wife and I purchased a parcel of "raw" land in 2016 to build our retirement home. I always wanted to build our home with my own hands. This is year 8 of a 5 year plan. The first year was just clearing brush, downed trees etc.. We are currently nearing completion of our "Mountain lodge style Timber Frame cabin" made from lumber I milled myself. With the help of our sons and some amazing friends. It is "debt-free" as are we. We've rented our entire lives in the SF Bay Area. We sacrificed home ownership for our kids so they could go to descent schools and live in safe neighborhoods. Renting in those area was always expensive but doing it in the Bay Area prevented us from being able to save to buy a home here. That's OK. The dream of building my own home has become a reality and has been the greatest adventure of my life, shared with those I love. Follow your dreams and don't be afraid. Magical things will happen. Stop trying to save the world and just be the Hero of your own life. The world has always been a wasteland. What you make of your life matters. You save the world by your example. It's that simple. Good luck.

[alexsteven.m]

Back in the day, when I purchased my first land and home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[Bloomyok]

If I was rich I'd buy a ton of land too!

[yesher]

"Buy land. They ain't makin anymore." ~ Will Rogers

[ayushtyagi]

1st Generation of Billionaires were Industrialists, 2nd were from IT Companies and 3rd phase of billionaires will be produced by owing Agricultural Land. Save this comment and see it happening in next 20yrs.

[TrInc-shkn]

You are very wise...have 4 acres I've been sitting on for 20 years...people thought it was a waste and should have bought something more attractive like an expensive waterfront cottage like everyone else....can't stand being like everyone else! Thank you for the

[janssensstef]

I am buying forest just to protect it.

[johnleebass]

I've earned $17, 000 this year, in 5 mos, on my half-acre, hosting campers. I bought the adjacent 5 acres with a 3BR/2BA, turning house into a lodge for campers to cook, watch tv, will rent out rooms to those not wanting to rough it. I take it over July 1. I am 8 miles from beaches, downtown.. it's about to get real 🔥

[totalloser]

In 2021, we sold our house, and used every penny of equity to buy a farm about 30 minutes away from our new home (on a smaller acreage); while taking a mortgage at 2.75% on the new home.
The overall property values on both purchases has more than doubled in value since then.
Land will likely never decrease in dollar value now that the currency has been terminally crippled.

[kalamuddin]

Standing in your own big land it feels so good

[gingerkilkus]

Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

[micon]

Over last 2.5yrs I've bought 4 properties totaling 66acres. 2 of those had 600sqft and 750sqft cabins that are Airbnb's, they generate $60k per yr.

[Doug-tcpx]

These big land owners you mentioned also have something else in common, their land holdings are a small percentage of their overall holdings so while the size of holdings are large it's relatively small in investment percentage of wealth.

[Sandwichking-hikes]

I bought raw land for hunting and I love working on my property, seeing trees I plant grow, making better wildlife habitat to see more game, it’s peaceful, has almost doubled in value since I purchased it, I absolutely agree owning land acreage is good

[ryanroberts]

I bought a 1/2 acre lot from a guy who didn't want to deal with it 3 years ago for $100. Literally a few days before covid started. Sold it a few months ago for $19, 500. :) Probably could have got a few more grand if I waited a bit more.

I was originally just going to use it as a place to cut firewood, which I did for the 3 years I had it. $100 won't get you even one pickup truck full of firewood...

[shannondavis]

I’d rather have the farmers own the land with their families that care about humanity and the food they produce, eat themselves and share the love, sweat, blood & tears with humanity!….and then all of us reward them by paying them what they deserve for growing what nurtures our

[MrMilanoLau]

Food will be very expensive in the future.

[stevenle]

The one thing to keep in mind with buying raw land is the yearly property tax. And sometimes maintenance if you buy land in areas where that needs to be done. The nice thing about owning gold or stocks or govt bonds is you typically don't have to pay taxes on it yearly, just when you sell it. So if you aren't making money on your land to offset the ownership costs, it can be a problem till you can realize the final gain. Also the transaction fees can be higher on land. Not saying it's a bad thing, my folks have some land, but make sure to do your research and understand the total cost of ownership

[serenasmith]

This is scary. Rich people pay politicians to make sure they get access to taxpayer funds first when banks shutter or they're in jeopardy of losing all their money. I feel bad for the lowest paid workers that may be affected, but not CEO's. A lot of them have created this abusive corporate pay structure where they are paid 300 to 400 percent the salary of entry level workers. Most add very little value. They posture and perform with speeches, meetings, and excessive travel to provide the appearance of working hard. It's a con.

[paulbrungardt]

Great video : I invest in land with a condor or Townhouse on it. I need cash flow--tenants pay me monthly to reside in it for a month--the next month, they pay me again & I still own the property. Additionally, I get to pay less income taxes because there is an imaginary cost called " depreciation..' Y'all don't get to "depreciate raw land". Blessings to all that read this .