Quote:
Originally Posted by Bagor
I honestly don't understand why people just don't buy land.
Seriously
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Because in Canada the long term average is a little over 4% per year. That is enough to beat inflation and not a lot more! Also its not very liquid, so it makes it nearly impossible to generate a steady income from it.
Lastly, while there are ways around this there are a huge amount of investment strategies that simply make no sense with land. Because raw land will not be capable of producing an income and zero probability of doing so, you can't write off interest on monies borrowed to buy this. (Before someone dives all over me here, yes there are ways to circumvent this, but it involves using other investments in the process).