Land as an investment
So what do other Fools think about the notion of diversifying their investments by purchasing vacant land? I realize that this is primarily a stock-picking site, however, there is a lot of discussion lately about deflation vs inflation, and whether stocks make a good long-term investment right now, etc.
In particular, I am thinking about buying some acreage that is depressed in value but is still in a desirable location for vacation property or retirement. I would look to hold the land for at least 10-15 years and would expect that by then I could either afford to build a house (or cabin) on the land, or sell it for a profit. In the meantime I could camp on the land or put a trailer there for my own use. If things really got nasty I could go hide out there and avoid the big city riots and shootings that some predict are inevitable.
This investment (if I decide to go forward) would represent about 10% of my total net worth, so we're not talking about a huge stake. There are no recurring costs associated with it such as HOA fees or anything other than a small amount of property tax.
Anyone have any constructive comments on this topic?