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Found a place, now how to afford it.
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<blockquote data-quote="RD-Sam" data-source="post: 762204" data-attributes="member: 7927"><p>If the land is only a couple of hundred dollars an acre, I could see it not changing much. Around here, the cheapest you could find anything that wasn't a swamp was about $3000 an acre, now it is down around $1500 - $1700. You can have the best credit in the world and you will have a tough time getting a loan on land around here right now. I know someone with an 810 credit score that tried to buy a $240,000 home with $150,000 down, the banks wouldn't loan on it. Before the market crashed the house was listed at $465,000. I guess some areas are just worse than others.</p></blockquote><p></p>
[QUOTE="RD-Sam, post: 762204, member: 7927"] If the land is only a couple of hundred dollars an acre, I could see it not changing much. Around here, the cheapest you could find anything that wasn't a swamp was about $3000 an acre, now it is down around $1500 - $1700. You can have the best credit in the world and you will have a tough time getting a loan on land around here right now. I know someone with an 810 credit score that tried to buy a $240,000 home with $150,000 down, the banks wouldn't loan on it. Before the market crashed the house was listed at $465,000. I guess some areas are just worse than others. [/QUOTE]
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Found a place, now how to afford it.
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