There is no way to pay cash for land or finance it that it will pay back the money invested in it or make the principal and interest payments if it was financed, let alone make living from it.
If one has money to pay cash for the land, he/she can make lot more money investing in other things.
I agree with this, in most cases. I bought 640 acres in 2010. It’s appreciated quite a bit but I’d have been better off in other investments. I have been fortunate in that two oil pipelines were run across my land and they paid good money. And I’ve made CRP income. I do not regret the purchase and am trying to buy an adjoining 320 acres.
I view this land as a long term “hard asset” investment as opposed to “paper” investments.
