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Esteemed Advisor
Kay/NC
Posts: 8,987
Registered: ‎05-13-2010
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Re: $20,000.00

Having farmland prices for agricultural production approach or equal residential development prices for the same kind of acres either says a lot for farming, or very little for housing, these days.  Probably a bit of both. 

 

A thought that was in my mind this morning is that there is a lot of competition in a not-so-nice way in that community, too.  That small a piece of land is probably not going to make or break either of the men who were bidding on it. 

 

I think we have all agreed that it won't cashflow in and of itself, at that price.  If the one who had so clearly wanted it for so long was bidding, and it was clearly meaningful to him on some level, it would take a very aggressive person to bid him up that high.   Shark pool....

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