Would you buy a block of land now to avoid having to pay more in the future?

[mini696]

My wife and I plan to move into an area where the government is buying up spare land and making it into national parks. There is a block we have our eye on but our plans don't have us living there for 5-8 years.

Would you suggest buying a block now (I would need a loan, and I have no other investments), and by doing this I would avoid any future price rises/unavailability. Or would you not buy to avoid paying money (interest and rates etc) into a property that wont produce any income?

[Ladyhawk]

personally, i think it is a great idea...my husband and i wish to do something similar. we just need to agree on where it is we want to live in the future. i think if you have found a block then go for it.

[RamonR]

What about buying the land and putting some cheap cabin or the such on it and renting it out.

That way you get to claim back the interest on the purchase of the land.