Where is the next Las Vegas?

Jesse_DD · 04-09-2004

I live in Orlando. We are seeing the same 8 - 10% appreciation. As are many parts of the country. I worry of a bubble but who knows. I keep buying rental real estate because I still see no better place for my $$$.

However, what I ideally would like to find is a parcel of land that will grow at 40% rates and not at the historical 3 - 5% (in good areas).

In the 1960's there was a little town near where I live now called Kissimmee. This little town consisted of nothing but orange groves, farms, and trees. You could purchase this land for $100's per acre. My father's second wife's family owned a couple thousand acres of Orange groves there. By the late 1980's / early 1990's you could sell this land to a company called Disney for $100,000's of dollars per acre.

04-09-2004	#3
Jesse_DD Members Join Date: Mar 2003 Posts: 336	I live in Orlando. We are seeing the same 8 - 10% appreciation. As are many parts of the country. I worry of a bubble but who knows. I keep buying rental real estate because I still see no better place for my $$$. However, what I ideally would like to find is a parcel of land that will grow at 40% rates and not at the historical 3 - 5% (in good areas). In the 1960's there was a little town near where I live now called Kissimmee. This little town consisted of nothing but orange groves, farms, and trees. You could purchase this land for $100's per acre. My father's second wife's family owned a couple thousand acres of Orange groves there. By the late 1980's / early 1990's you could sell this land to a company called Disney for $100,000's of dollars per acre. __________________ Almighty Content - Free Live Content

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