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<blockquote data-quote="Travlr" data-source="post: 1781514" data-attributes="member: 42463"><p>I bought my place in NW Arkansas for $687.50 an acre with a three bedroom house, two ponds, a spring fed well, and an old barn. That was in 1980.</p><p></p><p>I bought the place in South Dakota for $833.33 an acre. About half irrigated, 120x120 barn, 40x80 shop, two bedroom house with an unfinished full basement, other outbuildings, creek, big pond. I'd seen places priced up to 4K/acre when I bought but they were closer to urban centers.</p><p></p><p>What I don't get is how everyone builds in the bottoms over the best soil. Later, after all the good ground is covered in asphalt and houses the sides of the hills are called view lots and command big prices... and the first thing a buyer does after building a house is to plant so many trees that they can't see the view.</p><p></p><p>I had some commercial zoned lots in Kingman, AZ that I couldn't give away. It took me about fifteen years to realize a decent profit. A 2 acre piece I had in Nevada sold for 187K two years after I bought it for 30k.</p></blockquote><p></p>
[QUOTE="Travlr, post: 1781514, member: 42463"] I bought my place in NW Arkansas for $687.50 an acre with a three bedroom house, two ponds, a spring fed well, and an old barn. That was in 1980. I bought the place in South Dakota for $833.33 an acre. About half irrigated, 120x120 barn, 40x80 shop, two bedroom house with an unfinished full basement, other outbuildings, creek, big pond. I'd seen places priced up to 4K/acre when I bought but they were closer to urban centers. What I don't get is how everyone builds in the bottoms over the best soil. Later, after all the good ground is covered in asphalt and houses the sides of the hills are called view lots and command big prices... and the first thing a buyer does after building a house is to plant so many trees that they can't see the view. I had some commercial zoned lots in Kingman, AZ that I couldn't give away. It took me about fifteen years to realize a decent profit. A 2 acre piece I had in Nevada sold for 187K two years after I bought it for 30k. [/QUOTE]
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