Posted by ss55 on February 15, 2017 at 20:08:29 from (63.147.218.40):
In Reply to: City living posted by Fatjay on February 15, 2017 at 10:43:10:
If you have the cash in-hand to buy the ten acres without borrowing, it could work for you. If you need borrow money to buy it, I would hold-off buying until you are ready to retire.
Ten acres will require more time and money to keep it maintained than you will expect. It may not generate enough income to cover the maintenance, much less pay for itself in five years. It may be about the same as buying a second home for your retirement and then maintaining two homes until you reach retirement.
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