The New Biggest Landholder Hedges Against Falling Currency
Buyer’s today looking for the real estate market bottom would be wise to notice the actions of the ‘big’ money in 2010 and 2011. It is called land banking which is buying land and lots of it. John Malone beat out Ted Turner as the largest landholder in America according to the 2011 Land Report 100. Wealthy individuals and assembled partnerships have been scooping up large tracts of land and master planned communities, especially during the past twelve months.
Most of us are not billionaires capable of buying 100 acre parcels or championship golf course communities. Instead, we're planning where to retire in the Southeast. But is worth paying attention to the buying signals which exist under the breath of the market. We are all aware the stock market has almost doubled as well as the price of gold in the past 12-24 months. While the ‘junk’ properties seem to be today’s buyer focus seduced by the words short sale, foreclosure and bank owned, to me, there are real gems sitting on the sidelines without all the legal hassles and complications.
We visited over 26 master planned communities during the past two weeks in the Western Carolina's and Northern Georgia. We see quality bargains hidden behind the curtain of the distressed for sale signs. Buyer's would be prudent to notice the strong corporate earnings sitting on balance sheets as cash waiting to be reinvested back into America. With corporations afraid to give it away in taxes to our spend thrift government, it would be reasonable to expect this money will likely stay in their checkbooks until the Presidential election is over. Although the tipping point may catch you off guard because of the pent up demand. One third of our population, yes 79 million people are approaching retirement age and are likely to bite the bullet to move on with their lives, even if they must downsize their lifestyle.
Now is the ideal time with good guidance, to find your acre or acreage and ‘land bank’ it or hold it like John Malone. Unless you can afford to buy an existing home, land is a less expensive way to put your toe in the water towards relocation maybe building later. While money is only worth the paper it is printed on, land is a commodity and like corn and gold, has a exchange value if our currency collapses. Dating back to 1776, the Colonist's carried commodities all the way across the Atlantic Ocean prepared to trade with the Indians for basic necessities. Commodity ownership seems smart to me, John Malone and Ted Turner.
Buying land with cash and having low carrying costs such as real estate taxes and property owner association dues, could be a wise safe haven to protect yourself against the falling currency. Cut through the noise and ask for solid guidance when it comes to find land in desirable places for retirement. We visit each and every master planned community we score and are happy to help you with your research about where to retire in the Southeast.
Ask us for my 'hot' list of properties you may not find on MLS by writing us at info@communityfinder.com or calling toll free 866.384.1799
