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North Central Indiana | Eh I don’t know about all this. Bank manager told my dad he’d be bankrupt by 25 when he was 20 and spent $600/ac on land. Same guy was begging to get my dad’s business when he was 30. We still won’t work with that bank today. Should’ve went in on about 100x as much land. Land has always been a big and risky investment through history. When it was free to settle it you had to move away from family, friends, resources, safety into the unknown hoping you survived the journey, then could make peace with the native Americans and outlaws, and hope others came out your way too. Then it started gaining value and I don’t think anyone has ever said “this land is dirt cheap, can’t believe what a steal it is!” At every stop along the way, $100/ac, $500, $1000, 2500, 5000, 10000, 15000, 20000, etc. It was always hard. It’s also literally always appreciated over a reasonable window of time. Buy land now if you can cash flow it somehow, never “make” a dime farming it but sell it in 40 years and get a 2000% return. Seems like a decent proposition | |
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Land Auction
