I'm looking for investment options in today's crazy times....
Stock market - Forget It !
Bonds - Nope !
Gold & Precious Metals - Can't take a gold bar to Wal-Mart or Hannaford
Annuities - Long term, and big penalties if withdrawn before maturity
Which leaves real estate ! Not interested in residential housing or commercial.
I'm thinking of residential land, because God's not making anymore
I realize that land is not really liquid asset, but in today's market, it could turn-over in a reasonable time-frame if I needed to cash-out. By reasonable time-frame, I mean within 6-12 months.
My money is losing money just sitting in the bank, and with the expectation that inflation will most likely be with us for the next several years, I figure real estate is my best bet to hedge against the eroding dollar and interest rates.
No plans to rush into purchasing, but if the opportunity rises you have to strike when the iron is hot !
This said, what towns' around the lake are most appealing for investment opportunities ?