Re: Buying more land

Posted by GBA on June 05, 2007 at 18:45:33 from (67.54.185.149):

In Reply to: Buying more land posted by Dave from MN on June 05, 2007 at 14:44:25:

If you can pay cash for it and not miss the money,buy it.There is
nothing that you can grow on it that will ever pay for it.

When I see all these outrageous prices for land it makes me wonder
where all the money is coming from.I live in an area of poor wages
and cheaper land.In 1972 you could buy good tillable ground for
$200 per acre.By 1980 it was $1200 per acre and interest was
20%.By 1987 tons of it had sold on the courthouse steps for
$300-600 per acre.Now its back up to $1500 per acre.Close to
town it will bring $4000.

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