kthompson
Elite Member
- Joined
- Sep 12, 2008
- Messages
- 3,497
- Location
- South Carolina
- Tractor
- Kubotas B2710, M6800, L6060 cab, Volvo EC excavator, 2 ZTRs and various implements.
Myrtle Beach SC is about 20 miles east of me. In the Mid 1980's sold real-estate and the prices in our county were about 20% higher than the adjoining county. Today the difference is much much greater. I would say just looking at listings four to six time higher here. We are a very large county and people moving here with cash from selling up North are pushing prices way about reasonable. I would say about twice what the price should be. Young working couples are basically priced out of the market which is not only sad but will kill the work force.
Tracts of land are being bought as quick as they can put offers in on them. Hard to farm when the land has jumped in value over 400%. There are very few lots of 1 to 5 acres for sale in my county. If they are most likely bad area or wetlands.
I used to say a piece of land with pond on it would sell easy for $60,000 but today have all confidence there would be $200,000 added to that price. Regardless it is not for sale. Just a few years ago we were considered by the Federal Government a rural county, don't forget Myrtle Beach is in our county and brings in many many millions per year. At the rate we are building houses there will be very few people farming full time as farm land is rapidly being developed.
The developing is happing so fast no way does roads begin to keep up, schools cannot be built fast enough. Small rural town about 7 miles from me expects it school population to double in five years. Our school budget exceeds the rest of the county agencies and continues to grow faster still. In the last two hurricanes we again set record floods. So much land that was swamp land that held water to be slowly drained into the rivers have been drained putting rain run off into the rivers much faster than few years ago.
Look on your maps of Horry County, in the about the last 12 years Myrtle Beach has I think three times almost become an island due to flooding. Of the East West roads all buy one (Hwy 501) was flooded and it was each time sandbagged to keep it open one lane each way. On the north south roads only hwy 17 into North Carolian remained open but will the area it leads to (Wilmington NC) facing flooding there. Hwy 17 south to Georgetown was flooded. Many do not realize Myrtle Beach had I think was a total of 3 lanes open in and 3 lanes open out. Normally I think there are 10 lanes on Federal Roads, not counting some state roads that provide a lot of locals travel to Myrtle Beach.
Intercoastal Waterway flooded here five years ago with large record increase in flood waters again due to development and rivers clogged up with decks, down trees and run off at records levels along with a damn issue in Lumberton NC area.
I am sorry for such a rant but the true locals with land family owned for many generations are being driven out and this weekend I made recommendation to my wife never thought I would when was farming it: be prepared to sell it for houses, if you see these things continuing to happen. At current pricing she can sell it for about $60,000 per acre for open farm land. The lots of 1/4 acre will sell then for about $40,000 to $60,000.
Oh, have also learned some of the tract builders have found new ways to cut corners on houses with 1/4inch sheetrock and now installing 4 gauge wire with 15 amp circuits rather than what was code where 12 gauge wire and 20 amp 110 circuits...Driveways are now joint drive ways even on rural roads.
One thing I have noticed here over the years. We see very few people moving here from west of us again, especially from other Southern States. Have seen more from Colorado than any other state west of use, well unless they are north of us. Thank God those in the big Northen Cities realize we are not up to their social standards for most of them...Most are rural or small town people who are great people who love freedom.
Tracts of land are being bought as quick as they can put offers in on them. Hard to farm when the land has jumped in value over 400%. There are very few lots of 1 to 5 acres for sale in my county. If they are most likely bad area or wetlands.
I used to say a piece of land with pond on it would sell easy for $60,000 but today have all confidence there would be $200,000 added to that price. Regardless it is not for sale. Just a few years ago we were considered by the Federal Government a rural county, don't forget Myrtle Beach is in our county and brings in many many millions per year. At the rate we are building houses there will be very few people farming full time as farm land is rapidly being developed.
The developing is happing so fast no way does roads begin to keep up, schools cannot be built fast enough. Small rural town about 7 miles from me expects it school population to double in five years. Our school budget exceeds the rest of the county agencies and continues to grow faster still. In the last two hurricanes we again set record floods. So much land that was swamp land that held water to be slowly drained into the rivers have been drained putting rain run off into the rivers much faster than few years ago.
Look on your maps of Horry County, in the about the last 12 years Myrtle Beach has I think three times almost become an island due to flooding. Of the East West roads all buy one (Hwy 501) was flooded and it was each time sandbagged to keep it open one lane each way. On the north south roads only hwy 17 into North Carolian remained open but will the area it leads to (Wilmington NC) facing flooding there. Hwy 17 south to Georgetown was flooded. Many do not realize Myrtle Beach had I think was a total of 3 lanes open in and 3 lanes open out. Normally I think there are 10 lanes on Federal Roads, not counting some state roads that provide a lot of locals travel to Myrtle Beach.
Intercoastal Waterway flooded here five years ago with large record increase in flood waters again due to development and rivers clogged up with decks, down trees and run off at records levels along with a damn issue in Lumberton NC area.
I am sorry for such a rant but the true locals with land family owned for many generations are being driven out and this weekend I made recommendation to my wife never thought I would when was farming it: be prepared to sell it for houses, if you see these things continuing to happen. At current pricing she can sell it for about $60,000 per acre for open farm land. The lots of 1/4 acre will sell then for about $40,000 to $60,000.
Oh, have also learned some of the tract builders have found new ways to cut corners on houses with 1/4inch sheetrock and now installing 4 gauge wire with 15 amp circuits rather than what was code where 12 gauge wire and 20 amp 110 circuits...Driveways are now joint drive ways even on rural roads.
One thing I have noticed here over the years. We see very few people moving here from west of us again, especially from other Southern States. Have seen more from Colorado than any other state west of use, well unless they are north of us. Thank God those in the big Northen Cities realize we are not up to their social standards for most of them...Most are rural or small town people who are great people who love freedom.
