I have a 14 acre field that I rent out to a local farmer to pay my taxes. I bought it in late 1999 with plans to build a house on it but just after, Bush was elected and something (God) told me to wait. I did.
It's paid for and I never was in another position to build. Michigan economy meet Systems Analyst. The plan now is to let my adult kids build on the land.
Every coule of months I receive a letter in the mail making me an offer. No company I know. Each offer is less than what I paid for the land in 1999. That would be 25 years ago if you're keeping track.
So, buy some land, pay interest on what ever your loan rate is, pay 25 years of taxes and sell it for less?! Nope not me. They aren't making any more dirt! And if they try to pry it outta my cold dead hand, I'll take a few of them with me.
I have a 14 acre field that I rent out to a local farmer to pay my taxes. I bought it in late 1999 with plans to build a house on it but just after, Bush was elected and something (God) told me to wait. I did.
It's paid for and I never was in another position to build. Michigan economy meet Systems Analyst. The plan now is to let my adult kids build on the land.
Every coule of months I receive a letter in the mail making me an offer. No company I know. Each offer is less than what I paid for the land in 1999. That would be 25 years ago if you're keeping track.
So, buy some land, pay interest on what ever your loan rate is, pay 25 years of taxes and sell it for less?! Nope not me. They aren't making any more dirt! And if they try to pry it outta my cold dead hand, I'll take a few of them with me.