theHRguy@lemmy.world to Today I Learned@lemmy.worldEnglish · 2 days agoTIL: Bill Gates is Now the Largest Private Farmland Owner in the USyoutu.beexternal-linkmessage-square27fedilinkarrow-up1156arrow-down150
arrow-up1106arrow-down1external-linkTIL: Bill Gates is Now the Largest Private Farmland Owner in the USyoutu.betheHRguy@lemmy.world to Today I Learned@lemmy.worldEnglish · 2 days agomessage-square27fedilink
minus-squareIlluminostro@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down3·2 days agoLand is the only true permanent commodity that always accrues in value. Not gold, not stock, not Magic The Gathering Bullshit. Land.
minus-squaremearce@programming.devlinkfedilinkEnglisharrow-up3·2 days agoSo long as its not flooded or destroyed in a disaster I presume
minus-squareIlluminostro@lemmy.worldlinkfedilinkEnglisharrow-up3·2 days agoNo, that’s when you buy it dirt cheap, then build hotels and country clubs on it.
minus-squareHeyThisIsntTheYMCA@lemmy.worldlinkfedilinkEnglisharrow-up1·2 days agoeh. disaster remediation is expensive. the reason it can be dirt cheap is because getting it up to code is often not worth the money.
minus-squareIlluminostro@lemmy.worldlinkfedilinkEnglisharrow-up1·3 hours agoThe people who can build hotels, country clubs, and golf courses can afford to sit on it. They literally cannot go broke unless an asteroid hits.
Land is the only true permanent commodity that always accrues in value. Not gold, not stock, not Magic The Gathering Bullshit.
Land.
So long as its not flooded or destroyed in a disaster I presume
No, that’s when you buy it dirt cheap, then build hotels and country clubs on it.
eh. disaster remediation is expensive. the reason it can be dirt cheap is because getting it up to code is often not worth the money.
The people who can build hotels, country clubs, and golf courses can afford to sit on it. They literally cannot go broke unless an asteroid hits.
Tell that to the Maldives