Re: Land prices
[Re: TurkeyTime]
#7546582
04/02/22 10:23 AM
04/02/22 10:23 AM
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Joined: Feb 2017
Posts: 2,227 Priest River, Idaho USA
SundanceMtnMan
trapper
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trapper
Joined: Feb 2017
Posts: 2,227
Priest River, Idaho USA
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A friend just had a four acre piece he was giving to his daughter appraised at $387,000. You can't buy land or rent a place around here. It is because of people fleeing the cities,selling their houses there and coming here with a pocket full of cash. Our average wage is about $20 an hour, locals can't afford to buy or rent anymore. Fortunately we own ours free and clear.
"They Say Nothing is Impossible, But, I Do Nothing Every Day."
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Re: Land prices
[Re: TurkeyTime]
#7546592
04/02/22 10:34 AM
04/02/22 10:34 AM
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Joined: Dec 2006
Posts: 21,716 Sandhills Nebraska
Gary Benson
trapper
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trapper
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
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Same in NE. A friend paid 85k for an old trailer house with a nice 3 car garage. He sold it 2 weeks later for 150k to a guy from Denver. More dollars than sense.
Life ain't supposed to be easy.
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Re: Land prices
[Re: TurkeyTime]
#7546610
04/02/22 10:59 AM
04/02/22 10:59 AM
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Joined: Feb 2010
Posts: 19,719 pa
hippie
trapper
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trapper
Joined: Feb 2010
Posts: 19,719
pa
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SIL just had two lots appraised to settle an estate. Each lot was less than an acre with older house trailers on them, rentals. 187,000 each! . I wouldn't even give the 87,000.
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Re: Land prices
[Re: TurkeyTime]
#7546643
04/02/22 11:44 AM
04/02/22 11:44 AM
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Joined: Sep 2015
Posts: 2,536 NW Illinois
Kevin Stake
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trapper
Joined: Sep 2015
Posts: 2,536
NW Illinois
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80 acres with run down buildings went for $11,200 a acre a couple weeks ago. Local farmers bidding. I think they are crazy.
It is more blessed to give than to receive
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Re: Land prices
[Re: TurkeyTime]
#7546736
04/02/22 01:11 PM
04/02/22 01:11 PM
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Joined: Mar 2012
Posts: 4,324 AK
FairbanksLS
trapper
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trapper
Joined: Mar 2012
Posts: 4,324
AK
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I’ll bet land is still pretty cheap in northern NY unless it qualifies for a reduced RE tax exemption.
formerly posting as white dog
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Re: Land prices
[Re: Rat Masterson]
#7546742
04/02/22 01:17 PM
04/02/22 01:17 PM
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Joined: Nov 2010
Posts: 579 Iowa
beeman
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trapper
Joined: Nov 2010
Posts: 579
Iowa
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Can't be farmers bidding up land, everybody knows they don't make any money. Who do you think stripped the car lots empty of new pickups? Who do you think buys new tractors, combines, planters? I hope your comment was sarcasm.
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Re: Land prices
[Re: TurkeyTime]
#7546756
04/02/22 01:36 PM
04/02/22 01:36 PM
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Joined: Jul 2017
Posts: 2,672 Ohio
Willy Firewood
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trapper
Joined: Jul 2017
Posts: 2,672
Ohio
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In my area the old price held at $1,200 to $2,000 per acre. The current price is a minimum of $10,000 per acre. House, buildings, pond, stream, or any other improvements add to the cost. People list any possible feature including trail camera photos and add to the price. Recently three adjacent unimproved waterfront lots that totaled less than 1 acre in a private gated community sold for $750,000.
Based upon county politics it can be very difficult to get any break on real estate taxes based upon timber production land or agricultural use. Even if they grant it, they quickly remove claiming that the landowner needs to requalify. Is it right, no but they get away with it because nobody has yet sued them. Plus, they had an old guy who was there since land was invented who made up rules to cheat landowners. Thankfully he is no longer there. We reported them to the state auditor, state representatives, and state forestry department. All is good for the moment.
FRAC LIVES MATTER
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Re: Land prices
[Re: beeman]
#7546805
04/02/22 02:54 PM
04/02/22 02:54 PM
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Joined: Feb 2014
Posts: 13,150 Ky
jbyrd63
trapper
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trapper
Joined: Feb 2014
Posts: 13,150
Ky
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Can't be farmers bidding up land, everybody knows they don't make any money. Who do you think stripped the car lots empty of new pickups? Who do you think buys new tractors, combines, planters? I hope your comment was sarcasm. LOL your wrong on farmers getting all the trucks. Suburban soccer moms are the fastest growing people going to pick ups. No suv so pickups. Chevy same interior as the Tahoe. You might be surprised how many farmers lease their combines and equipment. I think (not sure) a farmer can take the entire lease payment off his taxes but has to depreciate the purchase at a lower rate.
Last edited by jbyrd63; 04/02/22 02:56 PM.
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Re: Land prices
[Re: ceelmo.trap]
#7546806
04/02/22 02:57 PM
04/02/22 02:57 PM
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Joined: Feb 2014
Posts: 13,150 Ky
jbyrd63
trapper
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trapper
Joined: Feb 2014
Posts: 13,150
Ky
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An Iowa radio station was saying that land values are up as much 33% and partly do to record crop prices. Those crop prices must be here to stay? I'm surprised the land leases for crops hasn't gone up. 99.9% around here pay 150 bucks per.
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