land prices

[grrrr]

I have been away for a couple of days and just now have caught up with all the comments on this thread. Wow, does this ever sound like 1980 talking!

[burnt]

boarderbloke - No, he would not. 1/3 would buy one of the one of the higher end houses in town. But it's hard to say where the best gain can be made with land values where they are.

I have given up trying to call it. My calls have cost me too much! Haha.

[SASKFARMER3]

Best investment in last 10 years was house I built in Regina Cost 168,000 with loads of oak big lot bigger street in high end neighbor hood not biggest house but nice. Value 4.5 times higher today. Land has increased but not as much. Land has done ok in value but not as big of increase in value.

[boarderbloke]

on our trip to CR, we met rural people from Iowa, Nebraska, and Kansas. A couple farmed, others rented out land, but they're talking about prices ranging $4000. to $8000. per acre! Made my land, even with oil, sound cheap.

[burnt]

Earlier this week,I met at the coffee shop a chap from Waterloo, Iowa. He was visiting family in our area here in S.W. Ontario.

He is a retired farmer/mechanic, so we compared land prices in our respective areas.

If he was anywhere near accurate with his figures, Iowa is closer to affordable than Ontario.

According to what he said, 200 bu corn ground sells for the same or less than 150 - 175 bu. ground in this area. And I don't think Iowa farmers have the drying costs that we have here.

It seems to have gone kinda crazy around here in the last few years.

What's gonna happen if/when interest rates go to even just 7 or 8%?

Those of us who survived 20% in the 80's might get taken out by 8%! Haha.