Posted by El Toro on February 07, 2012 at 07:52:00 from (108.3.225.57):
In Reply to: High $$$ per acre posted by the Unforgiven on February 07, 2012 at 07:20:18:
When my late dad sold the farm back in the 1950's when my brother and I were in the military. They paid $11000.00 for a big rancher on a major highway that can be zoned from residential to commerical. Auto Zone paid $400000.00 for a lot not far from their rancher. My nephew inherited the house in 2008 when my sister died. The house next to him was on the market last year for $625000.00. The ground seems to be worth than the building.
There was a gravel pit near a town about 10 miles from me and had all the equipment used there just rusting away. It sold for a million dollars and they built a shopping center there. My late dad would roll over in his grave knowing what real estate cost now. Hal
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