4 ms·
If that's the case then what is driving the rapid rise in land prices?
by nugget 8y ago
If that's the case then what is driving the rapid rise in land prices?
- tejtm 8y agoPreppers maybe?
- TangoTrotFox 8y agoSource on rapid rise in land prices? This [1] is from the USDA showing land prices at least from 2011 to 2015. Utah land runs an average of $2050 an acre and seems to be rising more slowly than most other areas, up from $1800 over those 5 years. [1] - http://www.usda.gov/nass/PUBS/TODAYRPT/land0815.pdf http://www.usda.gov/nass/PUBS/TODAYRPT/land0815.pdf
- nugget 8y agoFrom the article: >But in the 21st century, as climate change triggers periods of drought, land values continue to skyrocket, and the attraction of Zion expands along with its hotels, restaurants and bike shops, the family operation finds itself “squatted at the intersection of the old and new Wests.”
- TangoTrotFox 8y agoHahaha, this reminds me of that Thomas Jefferson quote, "The man who never looks into a newspaper is better informed than he who reads them, inasmuch as he who knows nothing is nearer to truth than he whose mind is filled with falsehoods and errors." I think the thing we can only be 'thankful' for is that that quote was from 1807. Our 'modern' issues are hardly modern!
- stickfigure 8y agoSustained historically low interest rates?
- prawn 8y agoOccasionally I look at land in Utah from abroad and there are never any bargains!