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Re: Re: land prices
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Posted by jdemaris on February 03, 2004 at 05:51:26 from (209.23.31.42):
In Reply to: Re: land prices posted by Mich. Farmer on February 03, 2004 at 05:13:04:
Land prices are up, that's for sure. I've been trying to buy some acreage in the U.P. in Michigan, but anything with character is going high.
In the past couple of years, I bought 50 acres here in Central New York near Cooperstown for $400 an acre some tillable, some with sugar maples - that was a bargain. Land now seems to be averaging $1000 per acre. Also, recently bought 50 acres in Worth, Jefferson County, N.Y. for $10,000. Last month bought 8 acres in the Adirondacks in Hamilton County, N.Y. for $38,000. That hurts since I could have bought comparible land ten years ago for less then half that. Also, recently sold my mother's crappy little house on 1/8 acre in suburban, New Jersey - seven miles from the George Washington Bridge - for $300,000 and the buyer is tearing the house down.
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