Global warming isn't anywhere near the top of the list of reasons why I will or won't, not for single family or multifamily housing anyway, but if you're looking at buying large tracts of land or commercial land (i.e.

There is a loan type that has 5% down if you make below a certain income level or if the property is located in a specific "tract" of land. 

If you are creating flacon tracts that are not commission approved always have a lawyer write them up. 

Great for cash flow- Subdivides - Buying large tracts often times 10+ acres and subdiving them into smaller parcels.

Myself.I bought a little 4 acre tract in Sonoma county in the mid 90s for 25k  just held it would not perk so not buildable.. well town grew around me .. brought me into the city up zoned me to multi family and we sold it for 2 million..  

And It’s easiest for me to express it as a formula: LIHTC + (QCT*QOZ) + QOFwhere…LIHTC: An Affordable Housing Project Financed with Low Income Housing Tax Credits QCT: The Property is Located Within a Qualified Census TractQOZ: The Property is located within a Qualified Opportunity ZoneQOF: The Ownership entity is registered as a Qualified Opportunity FundThe basic idea is to combine the opportunity zone tax benefits with the 30% boost in eligible basis that LIHTC deals get in qualified Census tracts.

Huge class A retail, large new tract communities and great revitalization of an area no one would even want to drive through a decade ago. 

Lindsey, I'm in the same shoes like you trying to develop a small tract in the Charlotte, NC Metro area.

Example bought a 2.9 acre tract of land for 5K waited the 6 month and sold it for 34K.

We traversed 2 tracts.