Savvy wealth-seekers have pursued good land throughout history.
The late American humorist Will Rogers, whose homespun wisdom
gained him national celebrity in the 1920s and ’30s, has a famous quote
attributed to him: “Buy land. They ain’t making any more of the stuff.”
In truth, these words are a paraphrase of the following quip the Oklahoman made in 1930 about investing in California beach property: “Out here I had been putting what little money I had in ocean frontage, for the sole reason that there was only so much of it and no more, and that they wasn’t making any more.”
But the principle, however it’s worded, remains true: Good land is limited. Therefore, it’s a natural resource for individuals looking for diversified assets.
Traditionally many wealthy people have held a fair proportion of their wealth in real estate. Holding and accumulating wealth by owning land is as old as civilization itself. It’s proved itself for millennia to not only be “good as gold,” but even better than gold. This is because land is finite, while it’s always uncertain how much gold can be mined.
What’s more, good land isn’t subject to the volatile market fluctuations for commodities such as precious metals, or securities such as stocks and bonds.
Land is reliable.
Historically, it’s the path to wealth.
It was true in biblical times. It was true in the middle ages. It is true today.
Consider the following quotations from famous people of recent centuries past:
“It is a comfortable feeling to know that you stand on your own ground. Land is
about the only thing that can’t fly away.” Anthony Trollope, English novelist (1815-1882)
“Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.” Russell Sage, American financier, railroad and telegraph mogul (1815-1906)
“Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.” Marshall Field, American department-store pioneer (1834-1906)
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with
common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” Franklin D. Roosevelt, 32nd U.S. president (1882-1945)
“Buy on the fringe and wait. Buy land near a growing city! Buy real estate when
other people want to sell. Hold what you buy!” John Jacob Astor, fur trader, capitalist,America’s first multimillionaire (1763-1848)
“Every person who invests in well-selected real estate in a growing section of a
prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.” Theodore Roosevelt, 26th U.S. president (1858-1919)
“Land increases more rapidly in value at the centers and about the circumference
of cities.” William E. Harmon, real estate developer and philanthropist (1862-1928)
LandBanking is not a new concept – but historically it had not been readily available to the individual and THAT is the exciting new message Land Resource Investments is sharing!