What Is Land Speculation? A Real Estate Investor’s Guide

Speculating on land has been a tried-and-tested real estate investing strategy for centuries. As the old saying goes, you should buy land because they aren’t making any more of it. So exactly what is land speculation?

This type of investment strategy is characterized by buying vacant land and holding it until development interest increases in an area. Typically, land speculators will buy up undeveloped property hoping bigger commercial builders and employers will enter the area in the future.

Here’s an overview of this type of real estate speculation, the pros and cons of this type of investment strategy, and whether real estate investors should try to get in on the action.

What is land speculation?

Land speculation typically involves the purchase of undeveloped land to sit on for an indefinite amount of time. The thinking behind land speculation is that a future economic event will dramatically increase the value of the land, which can then be sold.

This economic event is usually urban expansion, housing development, or major employers or industries moving into a particular area. The idea is that there has to be a substantial prospect of future economic growth, and that you, the speculator, will benefit from other

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‘Home Improvement’ reboot? ‘Last Man Standing’ crossover stirs tons of speculation

Tim Allen reprised his Home Improvement character, Tim “The Tool Man” Taylor, during Thursday night’s Last Man Standing. Fans of both series celebrated the crossover, which also hinted at a potential reboot.

The premise of the episode was that Tim wanted to meet Mike Baxter, Allen’s other character, because he heard they look so much alike. Tim helped Mike with a broken garbage disposal, and of course hilarity ensued.

While much of the episode was fun, there were a few tender moments. The most touching moment was when Tim talked about how much he missed his old neighbor, Wilson Wilson Jr. Wilson was played by Earl Hindman, who died in 2003.

One of the biggest surprises from the episode was the hint of a reboot. In fact, in one scene Mike tells Tim, “You might want to think of rebooting that Tool Time.” The suggestive dialogue led to excited fans speculating on Twitter.

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