Of your net worth, including retirement accounts, brokerage accounts, cash, other investments, real estate, rental property, crypto, home equity, etc. what percentage of your net worth is your hunting property equity? If that’s too personal a question, what percentage do you feel is a responsible/acceptable percentage? What % of your net worth is the overall value of your land?
I’m at a little below 10% and that’s on the downswing, as my land isn’t appreciating at nearly the rate of other investments (which isn’t a complaint)… for now. When I bought my land, I paid cash and the % was probably around 20%, but I didn’t diligently track my finances at that time. I’m considering another land purchase that would require borrowing money, so I’m thinking about this constantly.
I’m keenly aware of a few facts that make it difficult for me to sort thru this from a $ standpoint:
- Recently in my area, even with a hot rec real estate market, stocks have been a better investment, save for some folks that really hustle and have tremendous connections.
- I extract a huge amount of value from land ownership that I’m not sure my young family will mirror in the future
- I want to be very careful not to make this an emotional decision, but the opportunity is for a tract of land I have tremendous connections with and never dreamed I’d be able to own.
We’ve truly got some savvy and insightful folks here, so what do you say? If this thread sees some activity, maybe I’ll provide some more details to seek more specific advice. Tia
I’m at a little below 10% and that’s on the downswing, as my land isn’t appreciating at nearly the rate of other investments (which isn’t a complaint)… for now. When I bought my land, I paid cash and the % was probably around 20%, but I didn’t diligently track my finances at that time. I’m considering another land purchase that would require borrowing money, so I’m thinking about this constantly.
I’m keenly aware of a few facts that make it difficult for me to sort thru this from a $ standpoint:
- Recently in my area, even with a hot rec real estate market, stocks have been a better investment, save for some folks that really hustle and have tremendous connections.
- I extract a huge amount of value from land ownership that I’m not sure my young family will mirror in the future
- I want to be very careful not to make this an emotional decision, but the opportunity is for a tract of land I have tremendous connections with and never dreamed I’d be able to own.
We’ve truly got some savvy and insightful folks here, so what do you say? If this thread sees some activity, maybe I’ll provide some more details to seek more specific advice. Tia
Last edited: