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Re: Land prices (when is the crash coming.)


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Posted by John (MO) on January 15, 2008 at 13:47:22 from (198.209.172.95):

In Reply to: Re: Land prices (when is the crash coming.) posted by GeneMO on January 15, 2008 at 13:05:59:

It seems that many city buyers don`t know an acre from a section. Size just don`t make much difference, to them. What does make a difference is how much the payment is, and if they think there is a big buck that can be shot on the place. LOL

City folks just bought 13 acres next to my farm. I hear they gave close to $40,000 for it. They had a little 1 room cabin hauled in and had to set it on the county road right of way because there wasn`t a level enough place on the rest of the land, which by the way had been logged out just a few years ago. LOL

Me and the other neighbor to the land just shake our heads. Neither of us would have given $200. an acre for the place, let alone $3000. It is worthless ravines, good for nothing but firewood, IF you pull it up the hills with a cable. But, it wouldn`t surprise me a bit if the current city folks couldn`t find another city buyer to give them a 50% profit. Simply because the next person can afford that payment.

So, who are the real fools? It seems more often than not I`m at least in the running...


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