Friday, January 9, 2009

Dubious land investment scheme, the next bubble to burst?

Land

I'm seeing these all over the country with the same blurb. A field close to a town split into tens or hundreds of useless plots, whilst the land is idle and not farmed. "Investors" sink their money into the thin plots, similar to feudal field systems, in the hope that planning permission will be sought. That begs the question, with a large plot of land, in multiple, often dubious ownership, how could planning permission ever be co-ordinated? Is this an opportunity for squatters who want to have an allotment, graze animals and grow some food during the coming depression? Get a goat and graze it on a paddock with 50 owners, and how can they co-ordinate legal action against you. Who is monitoring the land? No doubt, the initial organiser of the land washed their hands of it.

Posted by p.riddy @ 11:57 PM (842 views)
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3 thoughts on “Dubious land investment scheme, the next bubble to burst?

  • gone-to-colombia says:

    Interesting post, looks like a scam to me. I’m not sure how much an acre of agricultural land is worth, but it cannot be 23000 which would be the acre value of the land shown. Seems like a great way of making money out of the stupid.

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  • Good quality land (not steep slope or rocky) with no planning is £8 – £12K per acre. If it sells at this price, things really has gone mad!

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  • Clint Eastwood says:

    Thats a good point, with lots of people all owning a piece of land and your ‘goat’ is moving from plot to plot, who they gonna call? ‘Goat Busters’

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