Re: OT young guy's rant

Posted by thejdman01 on December 31, 2005 at 19:09:51 from (152.163.101.7):

In Reply to: OT young guy's rant posted by Rich Iowa on December 31, 2005 at 13:30:48:

I must disagree with JMS. Around here land prices have been sky rocketing. Chicago suburbs, swamp ground needing tons of work before buildable is bringing 250,000 dollars per acre for the land itself(dont ask me whose got htat kind of money then put up a billion dolllar office building but anyways). I cannot imagine no matter where you are in the country that land prices would go down in value unless they decided to dumpnuclear waste next door or something happend of the nature. If your a younger person i would strongly advise you buy land as I feel it will do nothing but appreciate in value, maybe a nice nest egg for when your older. I agree tha tbuying feed is probably cheaper however as far as renting the land or buying, i would say go buy if you can afford it. Around here the land rents for way to much too so saying renting is cheaper esp when your giving your money to somone else not always the way to go. Ag land once bought wont cost you that much to have (taxes yes there high too high but relativly wont cost you much to have. As I said if your younger buy. If you were in your 40's 50's litte money (just put the kids through college) you pry wont live long enough to really see a huge appreciation in land value renting would be the way to go. Just make sure the home acrage has plenty of room for expansion. You may buy a house and a barn 1 pole building and you think wow perfect. then 10 years from now you got all of your toys, you want 2 pole barns, 2 barns, and a shop and your out of room. Just my 2 cents have a good one.

Replies:

• Re: OT young guy's rant JMS/MN 21:24:40 01/01/06 (0)

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