Louise Bremner wrote:

> Mr. Smith <spamtrap@mrsmith.com> wrote:
> 
> 
>>
>>You mean undeveloped land? I never understood the appeal, it is simple
>>speculation with little or no other return than basic appreciation or lack
>>of appreciation in its value. And there is little that you can control or
>>influence to change its value. > 
> 
> That might be the appeal of undeveloped land--you just sit back and let
> it appreciate (touch wood). As you said, developing it is a full-time
> job, but even investing in rental property can take up time and money.

I think part of it is the thrill of the pick. Trying to find that piece
of land that just has to be the key parcel in a shopping mall or
up-scale residential subdivision probably provides the same kind of
thrill as gambling.
KWW