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52527993 No.52527993 [Reply] [Original]

Should I buy cheap hunting land with a credit card cash advance as a bulwark against hyperinflation?

>> No.52528032

>>52527993
no, land doesn't go up in value as fast as inflation.
you're thinking of houses

>> No.52528057

>>52528032
What if I just held onto it for the rest of my life

>> No.52528072

>>52527993
Land does poorly in actual hyperinflation. Use weimar as an example, land did better than cash but significantly worse than commodities. Food producing productive land would be a different story, as food was good at keeping parity in hyperinflation conditions. Land outside of the country experiencing hyperinflation is also a decent option, if you expect hyperinflation to be localized and want exposure to land.

>> No.52528090

>>52528057
it's gonna be worth less than you paid for it unless it happens to be in the suburbs of some growing city.

if you like hunting and want your own land to hunt then by all means. But it's not going up in value. Or at least it hasn't in the 50 years I've been alive.

>> No.52528100
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52528100

>>52528072
Huh. I'm poor so I don't know if it makes any sense to invest in commodities with my lowly allowance. I was hoping that I could store money in an asset that I could also camp on and also have a place to escape the city if I need to.

>> No.52528126

Bitches love land.

>> No.52528127

>>52528090
>But it's not going up in value. Or at least it hasn't in the 50 years I've been alive.
I would definitely prefer some pristine coastal land that will obviously appreciate in value, but the whole draw of rural land is that I can actually afford it. I need to rethink some things or maybe just give up until I get a better job. Also:
>the 50 years I've been alive.
I feel guilty about the image I posted in the OP now, I would not show my father a squid kid's ass. Thank you for the serious answer.

>> No.52528136

>>52528100
depends where you live, but your taxes on vacant land are going to probably be around 1/10th of the purchase price. Meaning it will cost you hundreds or even thousands of dollars a year to own, and in a decade you'll have paid double the cost.

but then taxes on commodities are even worse. People here just don't realize that because they don't pay their taxes. It's impossible to avoid taxes on land though.

>> No.52528151

>>52528127
>I would not show my father a squid kid's ass.
kek
why not? He'd probably laugh. Apologies if he's not around.

>> No.52528189

>>52528136
>but your taxes on vacant land are going to probably be around 1/10th of the purchase price.
Whatever I give up, I'll keep dreaming for now

>> No.52528197

Rural land is where its at. Forget growing city we're wfh now boi. I bought jan 2021 and it's up over 40%, doesn't seem to be turning like urban re. It's about an hour and a bit to a state capital. Good "weekly meeting" distance. I honestly don't think people are gonna wanna live in these cities for much longer but we will see - i could be wrong.

>> No.52528248

>>52527993
I was looking at cheap land to run off to today myself. The cheapest land seems to be in the barren deserts of Southern California, Arizona, and New Mexico, though I saw a couple of comparably cheap plots of land in Utah and Texas. By "cheap," I'm talking 2.5 grand per acre cheap. The catch is, of course, that it's land that nobody wants due to how superficially inhospitable it is. Even so, I might buy some up and just go live in a tent. Fuck this gay world.

>> No.52528343

>>52528248
If you're truly going to live somewhere I'd suggest getting something hospitable.

>> No.52528350

>>52528248
Especially in a tent. you are not an ayrab lmao anon.

>> No.52528389

>>52528350
I did see some surprisingly cheap land in northern California on the border with Oregon way deep in the woods, but then I'd be scared of getting raped by bigfoot since again, I'd be living in a tent.

>> No.52528392

>>52527993
how fucking cheap is this land that you can buy it on a credit card??
either way that is retarded, credit card interest is the highest of any financial product outside of payday loans. it's land, get a mortgage

>> No.52528426

>>52528392
Undeveloped land is pretty cheap if you don’t plan on developing it

>> No.52528457

>>52528389
they actually made it illegal to live in a tent on your own land in pretty much the entire western US.

if you're going to camp illegally you don't need to own the land. Just pick a spot and camp illegally. Or better yet camp legally on FS or BLM land. You just have to move your camp every 20 days I think and you're good to go.

>> No.52528565

>>52528100
hyperinflation is usually fairly telegraphed, venezuela had years of warning, turkey is also showing clear signs. Look at how much the government is printing or running on deficit and whether they are willing to keep doing it. High single-digit and low-double digit inflation is probably not something you want to hedge by taking out credit, credit interest rates are almost always going to be worse than inflation and land is only a hedge if you can afford to sit on it for an extended period without selling.

>> No.52528580

>>52528565
And if they start jacking up property taxes on the land because of inflation and your wages aren’t actually going up, yeah…