The Land Investor
Land Investment as an Alternative to Investing -
The Rio Rancho Story
The story of what's going on in the development of Rio Rancho, New Mexico is a little unusual. You can see from the graphic below that not only does Rio Rancho have the highest population growth rate of any city in New Mexico, it already has a population of well over 72,000 people. Not exactly a small town.
Rio Rancho is a fairly new town, most of which was developed in the '50's and sold to investors around the country. It lies directly to the northwest of Albuquerque. The original plan was ambitious, including in area of about 73 square miles, nearly 40% the size of Albuquerque. However, as you can see from the chart above, it only has about 14% of the population of Albuquerque.
A few years ago the leaders of Rio Rancho decided that there was a need for a new City Center. Since Rio Rancho had lots of vacant land, they elected to start from scratch, a few miles away from the existing city hall, out in the middle of the desert. So, when was the last time you saw a fast growing city of 76,000 start all over with a new City Hall in the middle of no where? To give you some perspective on "middle of no where" check out this image from Google Earth. The white line under what is labeled Rio Rancho City Hall is 3 miles long! Near the bottom right of the image you can see a label for the old animal shelter, at the north edge of the old city center.
Now take a look at this picture of what they built there -
When was the last time you had a chance to buy vacant land in a future downtown area at a reasonable price? Check back often for lots more information on this rare opportunity!
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