Are cemetery plots in a crowded city a good real estate investment?
JK asked:
i can’t afford any actual properties for investment but are cemetery plots a good idea? As they get more and more filled up will they be extremely expensive a few decades from now? I am in Chicago.
Kansieo.com
i can’t afford any actual properties for investment but are cemetery plots a good idea? As they get more and more filled up will they be extremely expensive a few decades from now? I am in Chicago.
Kansieo.com
Tags: Crowded City, Decades, Good Real Estate, Real Estate Investment
January 2nd, 2009 at 12:25 pm
I used to be from the western suburbs and all I can say is that it is amazing how they have gobbled up the available land since I lived in Oak Park River Forest.
Let me answer it this way. An investment is based on a reasonable return based upon what the market expects from the product as compared to where your money is earning you money now.
Having said that imagine then selling land by the square inch versus square feet. Outrageous??? nahhhh if you remember that they are not making any more land nor natural resources to support building on it and those items are finite. However, they are still making babies and the baby boomers (I’m one) will be within the next decades wish they had planned on having a piece of land to rest in that has not been gobbled up for homes for all the new babies being born now. Or to an urn they will go.
Answer: if it’s priced right of course.
Buena Suerte
January 2nd, 2009 at 7:21 pm
Not really. They will not appreciate much in value. It would be lucky to stay of with inflation. The major advantage is that tenants seldom move after occupancy.
January 3rd, 2009 at 1:27 pm
Quiet neighbors…and even some trees..
In a city…good idea…get a big lot and a tent you’d be better off than most working folks in the sf bay area.
January 4th, 2009 at 11:18 am
Yes this is great you have to buy a lot of them.
Buy every third one or fifth one and make a checkered pattern.
Then when you get a call put the screws to them or there love one will for every be separated from them.
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