According to the new largest landowner in the United States, John Malone, the timing to be bullish on real estate is now.
As excerpted from The Land Report, Malone, an early pioneer in cable TV and chairman of Liberty Media, suggests that now is the time to buy land because of low borrowing costs and low prices. He added that real estate “is a pretty decent hedge on the devaluation of currency”. With his recent purchase of 1M acres of Maine and New Hampshire timberlands, Malone now owns 2.2M acres in the U.S. His recent land purchase added to his collection of properties already owned in Colorado, New Mexico and Wyoming.
Owning property in Wyoming is fiscally smart for its tax benefits. Some have purchased their properties with the tax savings accumulated by simply making Jackson Hole their primary residence. Bloomberg rates Wyoming as the #1 state for tax savings year after year. Add that to Jackson Hole’s cadre of lifestyle benefits – open spaces, a thriving cultural scene, amazing fly-fishing, a world-class ski resort, and outstanding scenic and wildlife corridors.
Although the who’s-who list in Jackson Hole is quite notable, celebrities and others who have discovered Jackson Hole prefer to hide behind the scenes – and with good reason. Jackson Hole may just be the best kept secret in the Rocky Mountain West. Click here to find out more.