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Non-Cattle Specific Topics
Every Thing Else Board
Buying Land
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<blockquote data-quote="Caustic Burno" data-source="post: 494431" data-attributes="member: 694"><p>People are always saying land is an investment this is not nessacarily true unless you pay cold hard train riding cash. By the time you firgue the intrest you pay plus the purchase price plus taxes you have a pile in that piece of land. Look at an amorization table on 100,000 for twenty years the payments come to 186000 dollars at 7% not including taxes. That amount will only buy 50 acres at 2000 an acre, lets say you have 14000 in taxes over twenty which I would think in most area would be cheap, you now have spent double the cost of the purchase price.</p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 494431, member: 694"] People are always saying land is an investment this is not nessacarily true unless you pay cold hard train riding cash. By the time you firgue the intrest you pay plus the purchase price plus taxes you have a pile in that piece of land. Look at an amorization table on 100,000 for twenty years the payments come to 186000 dollars at 7% not including taxes. That amount will only buy 50 acres at 2000 an acre, lets say you have 14000 in taxes over twenty which I would think in most area would be cheap, you now have spent double the cost of the purchase price. [/QUOTE]
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