Anyone own land just to own land? With no intent on using it anytime in the near future? Looking around the country, there is some cheap land. I know it's cheap for a reason. Water/resources/proximity to things.
But the prices are tempting.
when my brother was alive, there were tax auctions going on in Colorado. If you do not pay tax for four years, i think it was, they auction off the rights to your land. but there is a long holding time where the owner can "buy back" the land if he just pays the back taxes, and you lose out (if i recall, you DO get YOUR money back then)
there were some fair sized ranches coming up out there, lots of 3-5 acre, 10 acre, some 50 acre, and some even bigger plots. was tempted, but jeez, what do i need a plot of land 2000 miles away for. and now that he died, half the reason for going out there is gone now.
the key was to buy a property at tax auction cheap, then hold it for the grace period hoping that the original owner did not pay off the back taxes. Kind of like buying scratch tickets in the lottery, for a 1 in 40 chance of winning
People would get water and a septic tank going, put up a small garage with electricity, and boom, move an RV there for the week and you had a hunting lodge!
If you fail to pay your property taxes in Colorado, you might lose your home after a tax lien sale.
www.nolo.com
not sure if other state have a similar scheme, but it was a cheap way to become a "land baron". Literally for tying up say $3000, you might end up with a huge plot of land, and maybe some buildings on it too.