No, I know. Super rich can buy land to play on or as a source of income. And like I said in an earlier post, it IS a return. There just aren’t many places anyone can get a nice steady and relatively safe return. A rich guy or a corporation that has $50 million sitting around not doing anything can take than money and put it to work. The return is not huge, but there is one and it’s safer than lots of other things. That of course, drives up the prices and prices the little man out of the market.
Apartment buildings are hot hot hot right now for the same reason.
Last edited by JoeBob; 02/25/21.
