In my experience, in the real-estate business past success stories are generally not applicable to new situations. We must continually reinvent ourselves, responding to changing times with innovative new business models
Buy real estate in areas where the path exists and buy more real estate where there is no path, but you can create your own.
It is a comfortable feeling to know that you stand on your own ground. Land is about the only thing that can't fly away.
Don't wait to buy land, buy land and wait.