Land values increase as time goes on, and this is due to several reasons. First of all, land prices tend to rise after a period of time because people are looking for land to develop, build homes, and create businesses. Second, the demand for land tends to increase over time because the population grows and the need for housing increases. Finally, land prices tend to increase because of natural factors, like weather patterns and climate changes.
Land is a great investment because it is a long-term asset. You do not have to worry about whether the price of land will go down or up in the future. Instead, you just focus on how much money you want to make off of your land.
Land is relatively cheap compared to other types of investments. You can buy land for less than $100 per acre if you look around. If you were to buy a home, you would pay thousands of dollars per square foot.
Land is a good hedge against rising inflation. As inflation rises, the value of money decreases. Because land does not depreciate over time, it is a great way to protect yourself from rising inflation.
If you own land, then you have an insurance policy against things going wrong. If something happens to your house, you can sell your house to recover some of your losses. However, if something happened to your land, you could lose everything. Therefore, owning land is a good way to insure yourself against financial loss.
Land is a great tax deduction. When you purchase land, you get a tax break because you are purchasing property instead of stocks or bonds.
Land is a great retirement plan. You can use your land to help fund your retirement. Once you retire, you can rent out your land and live off of its income.