Profit and portfolios
Post from unknown poster "We" (probably a company rep) - seems more suitable for discussion page.
Perhaps the single most important question one must consider is when will the land sell for a profit? If one is comfortable with the uncertainties of any such answer, then land banking might be a good form of investment diversification. We believe land banking should NEVER be one's ONLY investment. As highlighted above with Florida swamp land: What good is it to put your investment dollars into something if it never sells? (This is a reasonable test for ANY investment.) Finally, we disagree with the above-mentioned Glen Garry/Glenn Ross association with unethical land sales. We believe the movie is more a commentary on the nature of sales in general - and not just land sales.
Yeah but this is investment advice and probably not good advice . Its not factual as is other data on the page. There are a whole bunch of things "one" might consider. How much is the land marked up by the seller being the first one. How much of the supporting information is useless waffle. Will i ever be able to sell this land for any money at all ?
Fact: A standard tack used by land banking companies is to suggest that Land Banking should be part of a diversified portfolio. By that logic internet gambling or the lottery might also be part of a diversified investment portfolio since historically they show better returns. --CubanChris (talk) 01:08, 19 December 2008 (UTC)
Conflict of interest edits
Looks as though a Land Banking company has edited the UK section. Was talking about the tax advantages to Asian resdents of investing in UK land plots. You dont pay tax if you lose all of your money whcih is the final outcome of most of these schemes. I would be happy to be challenged of a successful land banking plot company if one of them can produce an independent reference confirming such success.
Note a user called falcon removed a number of the links. One of the pro-land banking contributors had made a reference to excitement on land banking causing a great deal of discussion in the UK press with zero references. There are a large number of news sources that provide a highly negative opinion of land banking. This is evidence of the status of opion on land banking since the land banking companies will typically use the argument that you cannot predict the future. Provdiing only a few sources is used by land banking compnies of proof of bias in those sources —Preceding unsigned comment added by 18.104.22.168 (talk • contribs)
So how does one avoid a position where 4 land banking PR references exist to support a position and 100 independent news articles exist against it ? And where were you when a land banking edited this entry to prove the good points of land banking scams which have stolem millions of dollars from people over the last 5 years ( a point proven by the links you have deleted ?
Negative Land banking links deleted by wikepedia editors
- UK Green Belt housing scheme leaves investors in the red
- UK Mirror - The lies used by Pemberton International landbanking scammers to net £1.8million
- UK Trading Standards warning over land sale offer
- UK High Court orders five land banking companies into liquidation
- 9 UK Land Banking Companies Liquidated
- UK High Court action to shut down five Land Banking companies
- UK Epping Forest Council public statement on Land Banking
- UK Observer Don't bank on landing a fortune with land banks
- UK Hounslow Council Planning department public statement on Land Banking site in Feltham
- UK Land Banking Companies - Why the majority of them are scams
- UK Seven Oaks council public statement on Land Banking
- UK Land registry publishes warning on land bank "investment" schemes
- UK MP David Heath - Bogus land banks undoubtedly a scam
- UK Government Consumer Site - Land Banking Scams
- UK Financial Services Authority - Land Banking Statement
- UK Property Scam Factual background on Green Belt land plot sales
- Sod’s law comes a little too late, UK Observer Nov 2008
- BBC News: Illegal 'landbank' scheme closed, 4 June 2008
- UK MP Greg Mulholland requests stop to the actions of unscrupulous 'land banking' firms
- BBC Radio 4's You and Yours: CPRE wants 'land banking' regulation, 14 December 2006
Text deemed perfectly acceptable until i took it out.
A purchaser might pay $15,000 for a land plot that has a market value today of $15,000. On this basis the high returns of the investment in land are seen upon planning applications being succesfull. The high return investment is in a proposed service to deliver valuable approved building land in the future. If that service is not delivered or is not successful the remaining land asset is appreciating at market rates so the return on investment will be lower. Should the selling company fail or disappear the plot owner can sell the plot to regain initial investment plus appreciation at market rates.
That is Wikipedia do not accept a link critical of land banking but are perfectly willing to say a customer cannot lose money with UK land banking when there are ZERO audited successful conversions of Land Plots sold under these schemes.
- I came across this page during routine flagged edit overview. The page is a mess, I agree; however, I think you've confused an external link to a reference. If article material is coming from those links, they should be cited in the text. Just having a bunch of related links on the page isn't helpful as Wikipedia isn't a collection of links. Additionally, please familiarize yourself with the neutral point of view policy and remain civil.. Thanks. Falcon8765 (talk) 11:27, 2 May 2010 (UTC)
Somebody with more time than me should integrate the information at http://www.cityoflondon.police.uk/CityPolice/Media/News/ukfirstcriminalconvictionsforlandbankingfraud.htm into the article. (Article not quite correct as a land banking coviction was obtained previously by Tower Hamlets Trading Standards) — Preceding unsigned comment added by 22.214.171.124 (talk) 15:03, 14 December 2012 (UTC)
US government-run land banks
This page says absolutely nothing about the establishment of government-run (often county-based) land banks in the United States. This is becoming much more common practice for counties to establish land banks to hold abandoned, foreclosed or tax-reverted properties in trust until there is a suitable buyer or plan for redevelopment. In the rust belt cities of the Midwest, land banks use their tools to fight against speculators or would-be absentee landlords that often care little to nothing about the neighborhoods or commercial corridors in which their properties reside. These opportunists hold onto land with little to no chance of it being redeveloped or occupied. Land banks hold the land, do necessary demolitions or maintenance to properties, and facilitate good development or landlord ownership, such as with side-lot transfer. I believe this is far more relevant than much of the B.S. in this article. --Subterranean (talk) 01:08, 5 OCT 2010 (EST)