01-17-2008, 08:35 PM | #1 |
Demiurge
Join Date: Aug 2005
Posts: 36,368
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Should I buy land?
My aunt owns my grandfather's home in Star Valley that he built after he retired.
There is a pasture in the back, that my aunt says she is holding for me if I want to buy it. I'm not sure how big it it. Maybe 2-5 acres. Something like that. Now here's the rub. My dad already owns a small parcel of hillside land very near my aunt's property. I figured that one day in the future I might pitch in and help my dad (with $) build a house on his property. I have no idea how much my aunt would want (market price vs. lower than market). I'm certainly not going to do anything with the land anytime soon if I bought it. Yet, I know that property out there is at somewhat of a premium, and it might be good to grab mine. If I bought it, I doubt I would ever sell it. I buy ancestral land, I don't sell it. So it wouldn't be an investment that way. Though I might look into renting it for a few buck for hay or alfalfa, or whatever. |
01-17-2008, 08:39 PM | #2 |
Board Pinhead
Join Date: Jan 2006
Location: In the basement of my house, Murray, Utah.
Posts: 15,941
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It is rarely a bad idea to buy land.
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"The beauty of baseball is not having to explain it." - Chuck Shriver "This is now the joke that stupid people laugh at." - Christopher Hitchens on IQ jokes about GWB. |
01-17-2008, 09:04 PM | #3 |
Charon
Join Date: Jan 2006
Location: In the heart of darkness (Provo)
Posts: 9,564
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If you don't want it, let me know. Star Valley is a great little spot.
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"... the arc of the universe is long but it bends toward justice." Martin Luther King, Jr. |
01-17-2008, 09:05 PM | #4 |
Senior Member
Join Date: Jan 2006
Location: Utah
Posts: 5,741
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I have a friend that just bought a condo on Valley Ranch Golf course in Star Valley. The Golf course was nothing special when he bought his condo, well Johnny Miller has come in and he is renovating teh whole course and his condo has skyrocketed. Also Richard Petty, Jack Nicklaus, and a few other celebrities own houses and land in Star Valley. It seems to be blowing up.
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LINCECUM! |
01-17-2008, 09:11 PM | #5 |
Senior Member
Join Date: Jul 2007
Location: North Central God's Country
Posts: 1,534
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01-17-2008, 09:12 PM | #6 |
Charon
Join Date: Jan 2006
Location: In the heart of darkness (Provo)
Posts: 9,564
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Yeah, but don't worry. You can keep most of Wyoming.
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"... the arc of the universe is long but it bends toward justice." Martin Luther King, Jr. |
01-17-2008, 09:13 PM | #7 |
Board Pinhead
Join Date: Jan 2006
Location: In the basement of my house, Murray, Utah.
Posts: 15,941
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No, that's not true at all. We welcome you folks. You just have to pay higher taxes.
__________________
"The beauty of baseball is not having to explain it." - Chuck Shriver "This is now the joke that stupid people laugh at." - Christopher Hitchens on IQ jokes about GWB. |
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