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Is Buying Land a Good Investment?
Manage episode 473486977 series 3655333
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In this episode of the Money Meets Medicine podcast, hosts Dr. Jimmy Turner and Justin Harvey explore the complexities of buying land as an investment. After discussing their personal holiday experiences, they dive into a listener's question about purchasing land for personal use and enjoyment versus financial gain.
They highlight the importance of understanding the purpose of the land purchase and differentiate between buying land for family recreation and speculative investment. The discussion also touches on zoning laws, financing options, and risks associated with land investment. Additionally, they address the emotional value of creating family memories through land ownership, even if it involves financial stretching.
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