I want to open with a bit of market analysis from the land investor’s perspective. Those with cash are going to be seeing lots of opportunities come their way. Whether in real estate, land, the stock market or other commodities (like oil), prices are in most cases at 2004 levels. We have all seen this before and those whom slowly buy up assets always do well in the long run in times of uncertainty. Now is the time to worry about the things we can control.
I am discussing (or arguing) with my wife every week how we can cut our expenses. Here is a great article by David Pogue the Technology guy writer for the New York Times on how to lower your cable and phone bill–
I am re-negotiating with everyone. From my banker, to my auto company, to insurance, to our weekly babysitter everyone’s costs and fees are getting re-examined and shopped. If you haven’t re-financed your home mortgage yet, now is the time to seriously look at the potential savings. Check out www.bankrate.com for average rates.
From a land perspective, I am looking at creative and inexpensive ways to improve my land and position myself for higher prices in the future. I believe in the next few years alternative power, especially wind power for our Nevada property is going to be an incredible selling point down the road. Here is a link for information on WindPower-
http://www.otherpower.com/otherpower_wind.shtml.
Also, I have been getting some questions about well drilling. Check out http://www.welldrilling.com/Search-Drillers.htm for more information. Adding a well or a windmill will definitely increase the value of your land.
Cool Sites:
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