Re: Re: Re: land prices

Posted by Northern WI on February 04, 2004 at 08:50:36 from (199.141.125.33):

In Reply to: Re: Re: land prices posted by Mel on February 02, 2004 at 20:30:15:

Mel,

We used to have land here in Northern WI that you had to sit on for couple of years and receive offers well below appraised value and then finally sell cheap. However, now pressure from the metro areas to the south (Madison, Milwaukee, Chicago, Mpls/St. Paul) for recreational use has driven the prices sky high. It seems hardly anybody is interested in farming, they all want the land for hunting.
The local job market is practically non-existent, but the outsiders don't care since they only come up here to play anyway. The real estate taxes continue to escalate as the land sales get higher each year. I don't where and if it will ever stop.

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