Homestead mailing list

[bob ford <bobford79 AT yahoo.com>]

I agree with what you just wrote about price not being the most significant 
criterion.  But, if prices are (probably) going to drop, or if they are, 
already, in some regions; that would be important information.  

If I can buy an acreage for 30%-40% less than a year ago ago (you can do 
that, and better,  with houses around here), that is extra money to put 
toward other material and supply.  ........bobford



--- On Fri, 10/17/08, Gene GeRue <genegerue AT ruralize.com> wrote:

> From: Gene GeRue <genegerue AT ruralize.com>
> Subject: Homestead land
> To: bobford79 AT yahoo.com, homestead AT lists.ibiblio.org
> Date: Friday, October 17, 2008, 11:55 AM
> On Oct 17, 2008, at 10:41 AM, bob ford wrote:
> 
> > But, in looking in selling arenas (of this type
> property) of which I  
> > am familiar (such as united country for example); I
> just don't see  
> > the real estate decline (bloodbath, really) being
> reflected in  
> > asking prices.  ....bobford
> 
> Difficult economic times parallel historic back-to-the-land
> movements.  
> Rural land owners are more loathe to sell than urban house
> owners. So  
> rural real estate price decline may well be delayed. But it
> will come  
> as the recession worsens because there will be many rural
> property  
> owners who can't leave their city jobs--as long as they
> last--but need  
> the dollars. As unemployment rises, more will sell whatever
> they have.  
> I am unaware of any regional patterns thus far.
> 
> I advise resisting the urge to make price a top criterion.
> Buy what  
> you can afford. Homestead land should not be viewed as
> financial  
> investment; it should be viewed as sustainable home.

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