The only thing permanent about real estate is a measured patch of earth and the column of air above it. The rest is disposable. – Margaret Mitchell
Off the cuff, this is a true statement. Land has often been considered the most secure investment you can have, because it will typically always have value even if what is on that land is destroyed. Many people have made careers on the buying and selling of land, but when your lot is butted up against a body of water, you may want to take steps to protect it.
Erosion is a problem that affects millions globally. Whether you attribute it to global warming, storms or just ‘nature’s way’, it affects the value of that land. There have been stories of entire lots disappearing, so be mindful of that if you have a piece of property you plan on sitting on until retirement! In fact, Prince Edward Island in Canada, is said to erode up to 28cm (a little less than a foot) each year!
When all is said and done, it is still a very arguable point that land in and of itself, is the the most secure investment you can have.
What do you think?
Margaret Mitchell was born in Atlanta, Georgia, in November 1900. After a broken ankle immobilized her in 1926, Mitchell started writing a novel that would become Gone With the Wind. Published in 1936, Gone With the Wind made Mitchell an instant celebrity and earned her the Pulitzer Prize. The film version, also lauded far and wide, came out just three years later. More than 30 million copies of Mitchell’s Civil War masterpiece have been sold worldwide, and it has been translated into 27 languages. Mitchell was struck by a car and died in 1949, leaving behind Gone With the Wind as her only novel.