4 ms·

Sure, and where you can get 10 acres and a livable house for 100k or less, you can't find work . My wife and I just spent 178k on just over a half acre + house

Sure, and where you can get 10 acres and a livable house for 100k or less, you can't find work . My wife and I just spent 178k on just over a half acre + house in November. We don't get residential mail delivery, closest grocery is about 15 miles away, closest gas station abut 6 miles away. Our town is a little over 300 people, with no police, the fire department is volunteer, and if we had to call 911 for a medical emergency an ambulance is probably 15-20 minutes away. All of those sacrifices just to be able to afford a half acre. The appraiser refused to agree to the listing price, so we had to scramble and get cash gifts from family after we'd already made an offer. Two offers before us fell through and we were in a 24-hour bid war with another potential buyer. I make 36k a year and my wife is a public school teacher, we consider ourselves to be doing very good compared to many we know and this is the best we can do. Here is a little less than 20 acres within a half hour of me, just land, no buildings. It is 6.91x my gross annual income. Just about no one makes land loans so I'd need to have 249,000 USD as cold hard cash just for the land, then need another 50-125k to build a house. Then I'd have to drill a well, then install septic, then get it changed from light-industrial to residential. All in I'd need 350-450k dollars to make it work. https://www.realtor.com/realestateandhomes-detail/7700-N-County-Road-150-E_Pittsboro_IN_46167_M90772-19917 https://www.realtor.com/realestateandhomes-detail/7700-N-Cou... Similarly close is this one https://www.realtor.com/realestateandhomes-detail/959-E-County-Road-825-N_Bainbridge_IN_46105_M37686-37462 https://www.realtor.com/realestateandhomes-detail/959-E-Coun... for 400k USD with 10 acres and, admittedly, an absurdly large house. No one is going to give a guy making 36k a 400k loan, and there's no realistic way I, at 35, can realistically save 350-450k cash to buy land and build a house before I'm too old to do a lot of the initial work the land would need for my purposes. I'd love to know why I'm being downvoted too. Is it because I don't earn as much as you so my opinion isn't valid? Is it because I wish I lived in a world where I could afford 0.004132231% of the land that Bill Gates owns?

deleted 6y ago
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AngryData 6y ago
That is expensive as fuck compared to land around me. I live near a town of 1200, you can easily get cleared land for $1500 or less per acre. Prime land here will be worth more, but mostly because it has a higher value as a prospect for non-farming expansion and housing.
- ryanmercer 6y ago
  For me at least, it's not just the idea of cheap land. The soil makeup, rainfall, growing zone, etc. all matter. You can go buy scrubland stupid-cheap for example, but it's not really useful for homesteading. Similarly land that was over farmed can sometimes be had dirt cheap because the soil is basically depleted and is little more than dirt.

deleted 6y ago

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AngryData 6y ago

That is expensive as fuck compared to land around me. I live near a town of 1200, you can easily get cleared land for $1500 or less per acre. Prime land here will be worth more, but mostly because it has a higher value as a prospect for non-farming expansion and housing.

ryanmercer 6y ago
For me at least, it's not just the idea of cheap land. The soil makeup, rainfall, growing zone, etc. all matter. You can go buy scrubland stupid-cheap for example, but it's not really useful for homesteading. Similarly land that was over farmed can sometimes be had dirt cheap because the soil is basically depleted and is little more than dirt.