Re: Price of ground?

Posted by Jonboy on January 23, 2005 at 13:04:58 from (165.121.144.195):

In Reply to: Price of ground? posted by Pat L on January 23, 2005 at 10:00:35:

Price of land is skyrocketing everywhere, even if it's poor land the value is still way up there. In my neck of the woods the land is getting broken up for housing, they'll buy a few acres and build 10 houses on it. The price of land is terrible, but then, if you can just hang on to it for a few years, you'll make more money than by farming it. Theres nothing anybody can do except buy a piece of land and struggle to pay for it. In my neck of the woods people are building big elaborate houses, not small ones, because of the low interest loans, but I'll bet they may be sorry as prices of everything contine to soar. Land prices isn't all thats gone up, take a look at food and everything else. It sure is going to be an awful thing when you go to retire and still owe massive amounts of money.

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