recession proof GLP...buying land near your home

I think the weekend bug out cabin is a better way to go. Land is much cheaper in the Ozarks.

The main problem I have with buying land and living close to the city you work in is that you have a daily long commute to work morning and evening. Whereas if you have your rural retreat located too far away to commute, you can spend your week in the city and your weekends in the country.

2k an acre? they don't make land that cheap anymore.

someone at work bought 15 acres north of Houston...like 100 miles north..

most of it is woods...it has a 2 acre pond that is 20 feet deep with cat fish in it..

it was a foreclosure....paid 40,000

Excellent site for tracking land/home values and prices in U.S., Canada, and entire planet...


[link to www.landandfarm.com]

Great link! Thanks, AC

WOW!
Great for him. Sorry for the guy who lost it.

Thanks, this gives me some hope.

This maybe the way I will have to go.
I had wanted something close to visit daily so I could have chickens, etc.

Florida Farm Market Bulletin

[link to www.florida-agriculture.com]

Great website!
They also have animals listed for sale!

Yeah, the farther you are from big cities, the cheaper the land, that's an unfortunate fact of life.

I'm starting to look into possibly trying to buy a foreclosure near my home. My landlord is going to jack up my rent to over 500 a month. Only prob is I'm a single mom and while I'm trying to pay off my debt, my credit isn't that great.

Bottom line: Is it just wishful thinking to try for a foreclosure (and hopefully one that's not trashed)?


Appreciate the input. This thread was the only place I could think to put it.

Have a good night :)

dude buy at a tax sale or foreclosure its a buyers mkt right now.....

Go to bank or Credit Union and get pre approved. They can run your credit record and tell you what they would lend you based on your information.

Good luck.

Make sure you understand that it will be more expensive to own your own home than to rent. There is always items needing repaired in a home. Buying your own home is more to have your own space, than to save on monthly costs.

House may have more expensive electric bill because it is bigger, you will have to pay water and trash that may now be included in rent. (That's $50 a month).

Need extra $2k in savings for emergencies that come up when you own your own home.

Make sure you figure out what the cost of your home insurance and property tax will be before you sign anything. Those costs will increase $50 each year. My little house costs $2k a year in property tax alone.

Good luck. I love my little house and garden. Some day, I plan on buying land - couple of acres....

That's actually a great idea. I had put the idea of buying land on hold until I paid off my house, but maybe I will contact the bank and see what they have...
Will have to check into the tax sale avenue as well...

I don't mean to get moral on you, but it's sort of 'poor form' to deliberately go out looking to profit from another person's tragedy.

If the only home you can afford is one that is priced low, you are being financially responsible to buy in your price range.

You could buy homes that are still owned by the individual instead of waiting for bank to take it back. This way, the person walks away with a bit of money and still keeps good credit.

Either way, you are doing nothing morally wrong. You are not causing the individual pain, you are just trying to watch your bottom line so you don't have to go thru something like the previous owner.

go ahead and do it then, parasite.

meh, many people get themselves into these situations through blatant irresponsibility on their part. Buying a foreclosure is just a smart business decision. Screw the moral high ground when so many have been living beyond their means all these years.

Glad someone agrees with me.

:-)