Posted by paul on January 02, 2012 at 13:58:52 from (76.77.196.252):
In Reply to: Land purchase posted by M Nut on January 02, 2012 at 13:51:23:
You obviously live in a different place than me. :) That property woulda cost $100,000 5-6 years ago 'here', and would now cost $250,000 this year. There isn't much you said that would be true 'here'.
Is farming common where you are, is the ground a regular, rectangular shape for tillage, can the land support row crops where you are, what is a common rent in your area? What are common yields in your area?
;Here' your numbers would kick in an examination by the govt to see if you are trying to hide assets between buyer & seller, so obviously we are in different places, so I can't say if that is a good deal or not, but 'here' it would be stealing on your part.... :) Tillable farm land is selling for $6,000 - 10,000 an acre, so you could buy 3-4 acres 'here' with your dollars.
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