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Originally Posted by ngdawg
Had I money to invest in real estate, I'd buy lots, not houses and hold onto them for a couple years. House values can and do fall, but land values themselves don't. Buy something that would only be valuable if the house were to be torn down, then maybe you'd have a decent investment. Just my .02.
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Land values rise and fall just as often as housing values. Ask anyone in a real estate company and they'll tell you that selling lots is crap. They can't make shit. Again, it's all dependent on where you are as each town has it's own market, but don't fool yourself into thinking buying land is a safe choice.