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jimbeam
USA Fan
University of LSU
Member since Oct 2011
26843 posts
 Online 

Buying Land


Assuming it is currently being used for agricultural use, and would continue to be used for it, how smart $ wise is a move like this? I realize it would be very long term unless you got lucky with minerals.






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fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
16356 posts
 Online 

re: Buying Land


It depends on how much land, cost and taxes. Also if you can keep it in lease to a farmer that will take care of it, not rape it. Going rate around me is only $50 per ac per year.

Also, location plays a big part. In mine, I'm just outside the city limits like one street. There is no way the city can grow without coming my way. For years I been fighting them due to them trying to suck me in. That would send my taxes up big time, but also I could develop the land. My land in my area is now going for 10K+ and ac were just 10 years ago it was only going for 2.5K.

Land ownership is not all that great. If it wasn't given to me, I would of never bought it other then what is known as my home place. That is a bit over 60+ac which 75% is woods.






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GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
7858 posts

re: Buying Land


May want to wait a while, with all the prices being as high as they are you are going to pay through the nose. I plan on working like a dog after grad and save up.





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jimbeam
USA Fan
University of LSU
Member since Oct 2011
26843 posts
 Online 

re: Buying Land


you think prices are going to go down?





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guttata
LSU Fan
prairieville
Member since Feb 2006
19846 posts

re: Buying Land


I wouldn't wait. I doubt prices are going down. If anything, they will probably be going up.





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jimbeam
USA Fan
University of LSU
Member since Oct 2011
26843 posts
 Online 

re: Buying Land


exactly my thought





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GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
7858 posts

re: Buying Land


Well I am planning on a major collapse coming, people will be selling anything they can. Yea I know I am a little crazy. Until then though, yes they will continue to rise.





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