Posted by El Toro on February 07, 2012 at 07:52:00 from (108.3.225.57):
In Reply to: High $$$ per acre posted by the Unforgiven on February 07, 2012 at 07:20:18:
When my late dad sold the farm back in the 1950's when my brother and I were in the military. They paid $11000.00 for a big rancher on a major highway that can be zoned from residential to commerical. Auto Zone paid $400000.00 for a lot not far from their rancher. My nephew inherited the house in 2008 when my sister died. The house next to him was on the market last year for $625000.00. The ground seems to be worth than the building.
There was a gravel pit near a town about 10 miles from me and had all the equipment used there just rusting away. It sold for a million dollars and they built a shopping center there. My late dad would roll over in his grave knowing what real estate cost now. Hal
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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