How many times have you heard this? Perhaps with a little more class but the saying means the same. It's smart to buy land because no more is being produced. I've never met a man who didn't want to have land, ranging from a big yard to acres and acres.
I'm here to give a personal testimonial about land. My first husband and I had been married just a few years. He was from Searcy Arkansas and even though we were a military family he hoped someday to return to Searcy. But even if he didn't he thought land would be a good investment for the future. He picked out a little 39 acre parcel of land, called a farm, that seemed a long way from town.
It had a little old farm house on it and a dairy barn and a couple of ponds and an old barn. The price was $22,000 and that was in the sixties. He got scolded by his father and his banker and everyone else because they said he "paid too much."
Upon his death in Vietnam I held onto it. The little old farm house rented for several years for probably $30 a month. It finally got so bad I had it and the dairy barn removed. My second husband, who calls himself a cattleman, ran cows on the farm, cut hay and generally helped take care of it. The kids kept a horse on it and had to chase it down for a ride.
The highway expanded so there is now a four-lane in front of it, the city has practically grown out to it and the value has increased tremendously.
But the thing that inspired me to write this is that I just received a check from Chesapeake for royalties! I leased it to a company when they came in leasing up everything because of gas exploration in our Fayetteville Shale in this county. So the little "overpriced" farm is now in a section that has a gas well and the little farm is paying off in a new way.
So listen up! Buy land if you can. If will always seem overpriced but what seems overpriced today will level out in a few years!
Comments(20)