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LAND PRICES ALWAYS GO UP IN VALUE

This logic is prevalent largely in developing economies which have witnessed unprecedented boom in the real estate sector in the past decade or so. The price of land in these economies has gone up 10times in the past two decades. As a result, people in these countries have come to believe that the price of land always rises i.e. the real estate always goes up in value. Hence, once again “land...

LAND IS SCARCE

The most common myth propagated by real estate salesmen and other proponents of real estate investor is that land is scarce. There is only a limited amount of land in the world. This coupled with the fact that the population of the world is increasing everyday gives credence to the conclusion that the land prices of the world will continue to rise perpetually since there will always be a shortage of...

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