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Would you buy this land?
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<blockquote data-quote="Edgoat" data-source="post: 242695" data-attributes="member: 2313"><p>No, the land is not close to Toledo Bend. It is North East of that area. There is coal in LA, and I didn't think of that. The main mineral issues are oil/gas. The oil/gas companies must buy your surface rights if they want to drill on YOUR place. Of course, coal would be different. Also, if there is no mineral production in like 16 years, the rights revert to the current land owner.</p><p></p><p>Interestingly, today my wife learned of a job opportunity within 2 miles of my office. She is a teacher and my daughter could go to school with her and my son's daycare is across the street. There are issues with the permenancy of the job, but thats another topic. My thought is, we could all commute together if we bought this land and eventually built. Furthermore, my kids could continue in the good school system if we did move. The commute would be virtually all rural and suburban with low traffic volume. </p><p></p><p>I have been looking at the other rural areas and land prices/factors today. All other the other directions would involve going through the local metro area. For the same distance, you would tack on at least 20 minutes.</p><p></p><p>Fortunately, there is no hurry. I also now have a different outlook on the mineral rights issue. Thanks</p></blockquote><p></p>
[QUOTE="Edgoat, post: 242695, member: 2313"] No, the land is not close to Toledo Bend. It is North East of that area. There is coal in LA, and I didn't think of that. The main mineral issues are oil/gas. The oil/gas companies must buy your surface rights if they want to drill on YOUR place. Of course, coal would be different. Also, if there is no mineral production in like 16 years, the rights revert to the current land owner. Interestingly, today my wife learned of a job opportunity within 2 miles of my office. She is a teacher and my daughter could go to school with her and my son's daycare is across the street. There are issues with the permenancy of the job, but thats another topic. My thought is, we could all commute together if we bought this land and eventually built. Furthermore, my kids could continue in the good school system if we did move. The commute would be virtually all rural and suburban with low traffic volume. I have been looking at the other rural areas and land prices/factors today. All other the other directions would involve going through the local metro area. For the same distance, you would tack on at least 20 minutes. Fortunately, there is no hurry. I also now have a different outlook on the mineral rights issue. Thanks [/QUOTE]
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