5465
Split_G3
i want to discuss land and land values! it just absolutely blows my mind how much land is per acre in my neck of the woods and it's getting just as bad everywhere else!
now, i'm not completely sure on this but the last time i checked, land her was going for ridiculous prices. figures from my area are:
Flat ground--- $4000-$5000 an acre, if you're buying atleast 3-10 acres, and if you just buying 2 or less of flat ground, it goes for $10,000-$25,000 an acre.
Hilly or Rolling ground--- $3000-$5000 an acre. and if you want to buy land in prime hunting territory you could pay as much as $6000 per acre. doesn't matter if you can build on it or not!
logically my question is this: how in the world can land be worth this much???? i mean, 50 years ago it wasn't, and the land itself hasn't changed a bit. i can understand how cars go up in price, they have changed a lot over the years(although i don't think any of them is worth what we have to pay), a lot of added features and better comfort, so cars make sense to me as far as the value increase. same goes for houses, there a lot different then they were 50 years ago(although i don't think there as strong built), but they have a lot of different beautiful design concepts and heck some arrive at your property "pre-built".
land doesn't change from year to year, yeah price of lumber is up a little so up the price a little bit, but that's the only change that will ever take place in a set parcel of land! ok, maybe value of mineral rights might go up, but land is just not worth the prices being kicked around today!
take this for example, back in the late 50's/early 60's my great-grandfather sold 600 acres for $19 an acre, to help cover some bills around the house and buy a new car. now if you do the figures on that as far as worth today goes(i'm talking about this much money back then was like having this much money today), $11,400 back then is no where near like having $2,400,000 today. now you tell me what's changed, other then times, that would make this land worth what it is today when it looks basically the same as it did when he sold it(few houses here and there now), but you know what i mean!!!
i am very fortunate to have been able to buy the 40 acres i have to my name, i bought right(IMO, i got very lucky)! i got the 40 acres for $30,000($750 an acre). i bought it off an old family friend who we haven't spoke to for quite sometime, he knew that it really wasn't worth much more then that. land all around me is outta sight. my closest neighbor split his 140 acres parcel into 4 acre lots and is selling them for $20,000 a piece. he has owned this land for a few decades now and you know as well as i know he didn't pay near this amount for this land back when he bought it!
is the world just getting greedier and greedier??? i understand that times change and i understand that outfitters/leasers/and big shots from the city can afford to fork out $750,ooo for 160 acres, but for the average blue collar guy, the worth of having your own hunting/recreation land, is pretty much worth the life that your living, and that's sad!!
Pete
now, i'm not completely sure on this but the last time i checked, land her was going for ridiculous prices. figures from my area are:
Flat ground--- $4000-$5000 an acre, if you're buying atleast 3-10 acres, and if you just buying 2 or less of flat ground, it goes for $10,000-$25,000 an acre.
Hilly or Rolling ground--- $3000-$5000 an acre. and if you want to buy land in prime hunting territory you could pay as much as $6000 per acre. doesn't matter if you can build on it or not!
logically my question is this: how in the world can land be worth this much???? i mean, 50 years ago it wasn't, and the land itself hasn't changed a bit. i can understand how cars go up in price, they have changed a lot over the years(although i don't think any of them is worth what we have to pay), a lot of added features and better comfort, so cars make sense to me as far as the value increase. same goes for houses, there a lot different then they were 50 years ago(although i don't think there as strong built), but they have a lot of different beautiful design concepts and heck some arrive at your property "pre-built".
land doesn't change from year to year, yeah price of lumber is up a little so up the price a little bit, but that's the only change that will ever take place in a set parcel of land! ok, maybe value of mineral rights might go up, but land is just not worth the prices being kicked around today!
take this for example, back in the late 50's/early 60's my great-grandfather sold 600 acres for $19 an acre, to help cover some bills around the house and buy a new car. now if you do the figures on that as far as worth today goes(i'm talking about this much money back then was like having this much money today), $11,400 back then is no where near like having $2,400,000 today. now you tell me what's changed, other then times, that would make this land worth what it is today when it looks basically the same as it did when he sold it(few houses here and there now), but you know what i mean!!!
i am very fortunate to have been able to buy the 40 acres i have to my name, i bought right(IMO, i got very lucky)! i got the 40 acres for $30,000($750 an acre). i bought it off an old family friend who we haven't spoke to for quite sometime, he knew that it really wasn't worth much more then that. land all around me is outta sight. my closest neighbor split his 140 acres parcel into 4 acre lots and is selling them for $20,000 a piece. he has owned this land for a few decades now and you know as well as i know he didn't pay near this amount for this land back when he bought it!
is the world just getting greedier and greedier??? i understand that times change and i understand that outfitters/leasers/and big shots from the city can afford to fork out $750,ooo for 160 acres, but for the average blue collar guy, the worth of having your own hunting/recreation land, is pretty much worth the life that your living, and that's sad!!
Pete