Why developers buy land with no access #realestate #newconstruction #developer #investor

This might be the worst piece of land you could ever buy. No row, no driveway, and it's surrounded by houses on every single side, your landlocked. But developers buy stuff like this all the time because if a property around it ever becomes available, well then suddenly you have a way in. You have road access and you can combine these lots into a bigger one which then creates value. So sometimes the best strategy in development is to buy and wait. And that strategy is called land banking.