Posted by NY 986 on December 17, 2020 at 13:45:20 from (67.249.255.74):
In Reply to: Re: Farming in the Burbs posted by Traditional Farmer on December 17, 2020 at 13:30:37:
Depends on the distance to a sizable population center and if a desire is there by the million dollar home owner to be isolated. I worked for an 84 Lumber outlet near Rochester, NY shortly after college during the 1980's. The home market for high end residences was just starting to take off. I got to know several developers that came in on a daily basis. One guy did build a high end home in a neighborhood that was nothing but corn and snap bean fields before he got started. He followed a clean slate approach in terms of starting a project in an area that did not have low income housing densely packed together. This fellow worked for a major Rochester, NY and bought land in that area over time with the express intent of building expensive homes on it. 100 dollars today, 10,000 dollars when the McMansions sprout like corn in an Iowa field. One other thing I learned from these builders is nearly all insisted on turning a profit on the land by itself. A home may sell for 350,000 dollars but if the land cost the builder 5,000 dollars then he was looking to make at least 10,000 dollars on that same tract.
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