Columbia Basin, Ephrata, WA | sed - 11/18/2015 11:58
If you are bidding future development price in the present you have a serious gambling problem and no one can predict the future
I disagree. Development potential is a very real part of some properties' value. It's not a gamble to figure extra value just for the potential, the gamble is in how much extra value you add. There are some places where development is so imminent that buying at a slightly increased value over regular farmland is a little bit like having the chance to bet on Secretariat when he was 100 yards from the finish line. Finding a deal like that would be pretty rare, but I wouldn't pass on one just because someone might think it's gambling.
Edited by Big Ben 11/18/2015 15:01
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400 acre development potential farm sold last night
