Small roller repair

   / Small roller repair #51  
You're kidding right!:confused2:
That's unreal,there's no way you can cover that with the farm income you get from it ,unless you grow pot on it.

It has little to do with making a profit from farming. We'll never make enough to live off of from 17 acres. We enjoy the farm as well as the land is our retirement money and farming it keeps it in a usable state. The current value is $500-600K. Once the zoning moves to include the farm, we're sitting on nearly $5 Mil in housing lots. 100 lots at $50K+/lot. At that time, we intend to leave Washington and buy a farm without the issues we have here to spend the rest of our lives on. Until then, I work to support the farm.
 
   / Small roller repair #52  
Thanks for the support Matt.

Our taxes on our 17 acres have gone from $400/year when we bought it 25 years ago to $8000/year today. Eventually, we'll sell it and it will become houses, but it's not ready for that yet. The current zoning is 5 acre minimums. 650 feet down the street are 5,000 sq ft housing lots (50x100). I don't retire (again) for another 14 years. By then it should be time to sell and get out. Until then we'll continue to farm it, even if we can't live on it.

That's utterly ridiculous Cyril. Is Washington trying to compete with New Jersey for the most ridiculous property tax rates?

I used to live on one of those 0.1 acre lots and it sucked having your neighbors 10-feet away or less.
 
   / Small roller repair #53  
Paul: I hope your son isn't harmed while he's in Afghanistan, either physically or mentally- a lot of folks come home from there with bad memories.
Cyril: sorry to hear about what's happened with your acreage- I imagine when you bought it you planned on staying. I work with a land conservation group here in Maryland, trying to protect open land from development. Making it possible for people to survive by farming is an important part of that. The taxes get crazy because too many people move into open space, and then want roads, schools and services that cost a lot of money. It's a viscious cycle, since as development occurs, everyone feels that they want part of that increased value created by chopping up land into little lots. It is a bad way to create housing, when so many cities are half empty, yet everything is already in place there, like water and sewage, schools and roads. When some folks have their land down zoned, they cry about losing their right to sell, but over the long run, the value will increase as people realize the "value" of uncrowded open space, and pay what it's worth for what it is. We live in an area that has had development restricted, so much of it is still farms, but the morning and evening rush hour traffic as vehicles pass thru from surrrounding sprawl areas to the city and jobs is mind boggling. I am glad to be retired, and not part of sitting in traffic an hour a day, wasting resources. So many of these Mac Mansions, which are poorly built, at least around here, will soon become suburban slums as energy costs go up and they become too expensive to heat and cool. Why live in the country when you never go outside unless you are in your SUV, and hire someone to take care of your lawn?
Sorry for the ranting.
 
   / Small roller repair #54  
It's too developed around here for me any more, but the time's not right to sell.

There's now an elementary school kitty corner from my NW corner, water at the NW corner, sewer 150 ft from my NE corner, and city limits 650 feet from my south property line. When we got here the school was a gravel pit and the city didn't exist (it incorporated around 15 years ago).:confused2:
 
   / Small roller repair #55  
It has little to do with making a profit from farming. We'll never make enough to live off of from 17 acres. We enjoy the farm as well as the land is our retirement money and farming it keeps it in a usable state. The current value is $500-600K. Once the zoning moves to include the farm, we're sitting on nearly $5 Mil in housing lots. 100 lots at $50K+/lot. At that time, we intend to leave Washington and buy a farm without the issues we have here to spend the rest of our lives on. Until then, I work to support the farm.
**** yea,that sounds like a plan:thumbsup:
The only drawback is you ain't gonna get any younger while waiting for that to materialize.:(
 
   / Small roller repair #56  
**** yea,that sounds like a plan:thumbsup:
The only drawback is you ain't gonna get any younger while waiting for that to materialize.:(

True enough. That's why my wife & I both have retirement plans through work also. Don't want all my eggs in one basket. Although I will admit that the farm is my largest egg.:D
 

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