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Raw Land is Risky Segment of RE market

Posted by Mark T2 on Friday, 29 September 2017, at 8:11 a.m.
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In response to 141353: Discovery Harbour vacant lot prices, posted by Mark W on Thursday, 28 September 2017, at 10:55 a.m.

As a general rule raw land is a risky segment of the real estate market. Also, I never buy retail. As others have said there is no crystal ball. Right now I believe there is more potential for the upside than the downside since we have just gone through a down market which is recoverying. If you have an alternate investment which you believe will do better than your lot, you may want to sell and take a tax loss. If not, you may want to hold and hope the lot market recovers. As I always say you make money when you buy real estate not when you sell! If you don't buy right it can be really hard to make any money.

Personally, I like buying foreclosed homes on existing lots at deep discounts, but the party is over on that one in Hawaii. However, that can also be risky if you don't know what you are doing and the learning curve is pretty steep. Contrary to popular belief, real estate is not an easy way to make money. It requires high capital investment and an extensive skill set. Frankly, most people would be better off investing in a stock index fund.


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