oh how i would love to get land that cheap here! ifyou think your prices are bad,try $4000 an acre for farmland here and STILL RISING!!!!! i wouldn't even give them $50,000 for the whole county
There is one great equalizer that will eventually reign in these inflated land values: tax.
County assessor's across the state are licking their chops at the opportunity to shaft landowners.
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There is one great equalizer that will eventually reign in these inflated land values: tax.
County assessor's across the state are licking their chops at the opportunity to shaft landowners.
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I think this is the reason that leasing has became so popular. If I bought 200 acres for $200,000, I would lose the earning power of the money(10 grand easy) plus the taxes and up keep of the land. So, I could keep the $200,000 in my pocket and split the 12,000 in earnings on an Elk hunt and buy a hell of a lease in Iowa for Whitetail. Just think how tilted it would be if you had to borrow the money.
I know what I'm going to do...Buy my own land.
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If you could drop $200,000 on 200 acres you would be a fool not to... that would be a complete steal at $1k/acre
Plus, once you factor in the ridiculous appreciation in land values in Iowa, you would be a millionaire in nigh 10 yrs
I checked out some prices up here and almost, wait I did cringe... Cheapest was 7,000 and acre and up to 25,000... Thats freakin unreal... But then the govt will give you large tracts of land???
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