Replies to post #1285 on General Stock Ideas

[bigworld]

MF4; I wish I could help you out there but real estate development is not my forte. You can't sell the land and it makes no sense to give it up for nothing. There has to be a regualtory/legal method to challenge the valuations being given on real estate in your state/county. In Travis County I can mount a challenge against my home's appraisal if I feel it is valued above market. I did this last year and won a modest decrease in my assesment. Your state must have a similar way to challenge your property tax bill on these lots. Reduce the carrying cost of holding this land and eventually inflation is going to take over starting in late 2011 or sometime in 2012. Whereas cash is going to be king during this deleveraging slow motion amrket crash the exact opposite will be true when the inflation monster appears. You will want to hold solid assets like precious metals, land, etc. If you own this land outright it is unfortunate because eventually you will lose money no matter what happens if you use inflation adjusted mumbers. If the land is mortgaged at a reasonable rate that would be beneficial because the loss of value through inflation will be mostly on the shoulders of the lending institution. Either way it probably makes the most sense to hang on and sell at some point in the future. We will enter another era of prosperity somewhere between 2018 and 2022. Inflation will kick in toward the end of this 2 year bear correction and when it does all risk assets, inclusing raw land, will increase in nominal value. There will be a flight from the DOllar to hard assets. Land will benefit.