Ran into one of my territorial neighbor's posts

[ovrszd]

Real estate prices are crazy. So a city dweller can make a huge profit in the city and move to the country. It's a crazy trend here. The locals hate it! Working from home (COVID Boogeyman) and the internet fuels the migration.

Strange times for sure!

Yep...

 

[Steppenwolfe]

Real estate prices are crazy. So a city dweller can make a huge profit in the city and move to the country. It's a crazy trend here. The locals hate it! Working from home (COVID Boogeyman) and the internet fuels the migration.

Strange times for sure!

Well... that's what we did. Sold a golf course property in SC, took the money to rural VA and it went 4 times as far. :confused3:

 

[Jstpssng]

Despite patheticly low mortgage rates here, a farmer can't recover the payments on land with his operations. Not at a million CDN for 100 acres! Then figure in volitile commodity prices.

In truth if you have to borrow money repeatedly to keep going, there's more going wrong than just the price of land. Taxes are a different story, and I don't understand enough about them to comment.

 

[two_bit_score]

No. I won稚 speak for my friend ovrsd, but speaking for myself, if youre sensitive to a property next to you and you dont buy it when its 100k and now worth 800k, shame on you. You could buy it and rent it and make all your money back, but have a great deal of control over it.
OR have the temerity to tell the neighbor to do a better job maintaining his adjoining property border.

I have a 600 border with my neighbor. 12 years ago, when I bought my property, it was a border of stickers, invasive autumn olive and a nice mix of trash. I went to my neighbor and struck a deal. I proposed a vision of a beautiful property border between us. I offered to supply all the labor and he supply the planting materials.
I bulldozed all the overgrowth and burned it. Giving him the choice of planting materials, I fixed his split rail fence and planted 8 large trees with holly bushes in between them. I assured him I would mow between them and keep it nice.
That was 10 year as ago and it still looks good and we are both happy we did it.

That was a great way to approach a solution with that neighbor!

My point was a bit sarcastic though. I have bought several parcels of adjacent property but usually for economic advantage reasons. Such as, I recently purchased a corner lot adjacent to one of my commercial lots. It was not really good for anyone other than me but it could have wound up in the hands of someone who could have become a problem. But that doesn't mean that if I had not bought it and someone was a problem that it was my fault they were a problem.

Had another commercial property and the renters occupying were terrible, junk everywhere, trash, burn barrels going 24/7 it seemed like. The owner would never return my calls or even letters I sent asking about buying it. Finally found out he had been served with a lawsuit unrelated to the property. This time he returned my call. I cleaned it up and it's doing good now as a storage rental.

But if I had not bought it that doesn't mean it's my fault for what his tenants were doing there.

 

[Frankenkubota]

Well... that's what we did. Sold a golf course property in SC, took the money to rural VA and it went 4 times as far. :confused3:

Where was the golf course? SC has some great courses. In general, golf is a dying sport. We had the tiger blip but when people found out how difficult it was, that s over.

I can't understand how many courses pay the bills.

Example......Nice course just on the outskirts of Pinehurst. Senior price, during the week, prime time.

Hot cooked Buffett breakfast, nothin fancy, range balls, 18 hole green fee, cart fee and afterwards, lunch from the menu....$26.00. I always take my lunch to go, still too full from breakfast! oink oink!

The lunch waitresses say they almost always get stiffed.

And if you play enough, they give you free shoes or a bag or something at the end of the year.

Just something else that makes no sense.

 

[lilranch2001]

I have a walk out basement, that is 30 feet above the ravine , so anything short of the Moses flood I doubt I need to worry about

But yea, insurance is always paid up!

 

[Jstpssng]

I have a walk out basement, that is 30 feet above the ravine , so anything short of the Moses flood I doubt I need to worry about

But yea, insurance is always paid up!

Moses parted the Red Sea, so you should be good. Look out for guys named (Captain) Noah though, he ran his ark aground atop of Mt Sinai. And we think that the Valdez was bad...

 

[lilranch2001]

Yea, I had a feeling I had it wrong when I typed it.

That what I get for giving up my morning coffee!

 

[lilranch2001]

And if we have that kind of flood again, I think we need a lot more than corporate insurance to save us, that痴 when our prayers and good deeds come into affect!

 

[tallyho8]

We had 3 golf courses in the general area close up in the last 10 years. Makes me sad for the people who paid ridiculous high prices for the lot next to them and then built McMansions and now are living next to a cheap subdivision or a Home Depot.