The future growth of the Greater West Houston trade area validates “Why rural land is a good investment”. The predictions from the West Houston Association of over 2,000,000 people in the 100 square miles outlined on the chart below in 2050 support the wisdom of investing in land in the west, south and north west. A&M’s Texas Real Estate Center reinforce this prediction that over 90% of the population in Texas will live in a triangle between Houston, Dallas, San Antonio and Austin by 2040. The I-10 corridors are the backbone for this predicted growth, with both residential and commercial development.
As an investor, the simplicity of buying land in rural counties offers lower taxes through an AG exemption and future lower development cost. The historical appreciation of this type of desirable land (rural, farm/ranch) can be measured in the major growth shown on the diagram west of HWY 6 which in the 1970s was rural farm and ranch land.
The cost of developing and owning land inside the West Houston Association diagram will be more complicated and expensive than it has been in the past with the future governmental controls from state and federal agencies.
From the February 2010 issue of REDNews by Sassy Stanton
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