Friday, January 9, 2009
Dubious land investment scheme, the next bubble to burst?
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.