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Every Thing Else Board
Buying Land
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<blockquote data-quote="backhoeboogie" data-source="post: 494869" data-attributes="member: 3162"><p>I have never gone wrong buying land but have gone wrong selling land by not keeping mineral rights. Land has always sold for significantly more than what we paid. Maybe we have been lucky. </p><p></p><p>If you are just starting out, 10 acres can always serve as a place to live and hold heifers. Maybe to feed out steers, or hold your bull until breeding time if you wind up with a larger place near by later. </p><p></p><p>A new pick-up is going to lose its value absolutely. Land will always be worth something. Even if the price of land drops, it won't be as bad. </p><p></p><p>There are people spending a lot of nickels on 4 wheelers, ski rigs, and cars. It is all financed and by the time its paid for there is not much value in it. </p><p></p><p>If you are not going to invest your money in growth, invest it in something that will not lose most of its value. I think land is good investment if you don't over extend or don't over pay for it. </p><p></p><p>Sadly there are many who have not much of anything saved from a whole life of work.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 494869, member: 3162"] I have never gone wrong buying land but have gone wrong selling land by not keeping mineral rights. Land has always sold for significantly more than what we paid. Maybe we have been lucky. If you are just starting out, 10 acres can always serve as a place to live and hold heifers. Maybe to feed out steers, or hold your bull until breeding time if you wind up with a larger place near by later. A new pick-up is going to lose its value absolutely. Land will always be worth something. Even if the price of land drops, it won't be as bad. There are people spending a lot of nickels on 4 wheelers, ski rigs, and cars. It is all financed and by the time its paid for there is not much value in it. If you are not going to invest your money in growth, invest it in something that will not lose most of its value. I think land is good investment if you don't over extend or don't over pay for it. Sadly there are many who have not much of anything saved from a whole life of work. [/QUOTE]
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