Quote:
Originally Posted by jmecklenborg
I got this lot for cheap and it won't cost me much to keep it for five or even ten years. I know people who have gotten rich holding vacant lots. Nobody wants anything to do with them - in the Midwest they usually sell for well under $10,000 - then all of the sudden they're selling for $100k. The switch happens in a matter of months.
In areas likely to gentrify, it's like buying a tear-down, except somebody else paid to tear down the house 20-30 years ago.
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Yeah, not a bad idea if you dont need the money...
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