AgTalk Home
AgTalk Home
Search Forums | Classifieds (79) | Skins | Language
You are logged in as a guest. ( logon | register )

This will raise the cost of living, pretty much a money pit
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
coup
Posted 12/1/2024 13:11 (#10990561)
Subject: This will raise the cost of living, pretty much a money pit


USA
26.5 acres with 3 acre pond, rest pretty much trees. 32x45 pole building, Cabin with central- heat air, 1 bedroom, bathroom, kitchen, dining area that seats 25-30.

Sold for $457,000 about 2 months ago on online auction. Was four bidders @ $400,000 plus.

@ 4-5% money cost, electric bill , rural water bill, Re tax, insurance, and upkeep = $25-$30,000 year = $2,000-$2,500 month = $5-$600 week = $75 a day ownership cost. Hard for me to wrap my head around what folks are willing to pay to pleasure themselves.

300 acres with 170 acres tillable that surrounds the 26.5 acres on 3 sides sold in 1978 for $151,500 with 65 acres of standing corn. Comparing the two sales shows how worthless $s have become over the last 45 plus years.

Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)