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Old August 21, 2020, 04:51 PM
Dien Rice Dien Rice is offline
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Join Date: Aug 2006
Posts: 2,705
Default Land prices are changing due to Covid-19...

Because of the coronavirus, I've been reading about some of the following trends...

People are fleeing urban areas... and moving to the country...

This is due to the Covid-19 coronavirus. In the widespread countryside, they're less likely to get sick.

The other reason is that more office workers are now permitted to work from home. That means they can live wherever they like, and don't need to live near the office.

So they can get a large house in the country, rather than the broom closet-sized apartment in the crowded city they've been living in...

The result is... in many places, urban property is going down in price, while rural properties are going up...

How can you use this? I suspect this is the start of a long-term trend... Which suggests, buying rural property now could mean it will end up being a good investment...

(But... Do your own due diligence! This is just my general opinion, and does not constitute investment advice!)

Best wishes,

Dien
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