One of the primary difficulties many people experience when considering this problem of land ownership occurs because of their supposition that once land is owned, it goes off the market and becomes unavailable forever.

In fact, this is simply not the case.  If you consult any good classifed advertising section in any daily newspaper or talk to any real estate agent, you will be impressed with the enormous number of pieces of land, both improved and unimproved, that are up for sale.

It is a truism among real estate brokers that EVERY piece of property in the world is for sale, IF the price is right.

Rather than having a rigid and limited market in land, we have an enormously flexible and virtually unlimited market.

Just because a piece of land has been sold doesn't mean it will be off the market for an indefinite period of time.  Instances occur constantly where a given piece of land or real estate will be sold several times within as short a period as a few months.

Some people object to the idea of land speculation.  They argue that land ought to be USED and not merely held in speculation of resale and profit.

Factually, ALL land is owned speculatively.  Improvements are made to land and real estate (homes, factories, office buildings) partly because we want to use them now, AND partly because we believe that by improving the property and putting it to use, we will enhance its speculative value on the market. 

In short, we hope to raise the price when we sell, in order to obtain more than what we paid.  We certainly expect to sell at some point.  If not us, our heirs will certainly give it some thought.

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