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FortWayne
@
2010 Dec 22, 12:37am
FortWayne
@
2010 Dec 22, 12:37am
There is a bit of a bubble in the land market right now. Just depends on where, and does it cost you anything to hold on to it?
If it's a good farm land, make use of it.... grow some fruits/veggies if you are not going to sell the land. Land which isn't used does not produce a penny.
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What do you think? Is it worth hanging on to land now? Or better to escape during this bump?
Nobody writes land mortgages now from what I can tell. So, nobody can buy from me probably.
Just finished getting my rear handed to me on the tax sale property.... should have known no mortgages exist for under $80K. Almost total loss.
So now I have 5 acres at $100K. I thought I should sell by then dollars aren't any good either. I guess I'm afraid in a few years I'll need the money and be stuck. Right now, times are getting tougher for us and I really don't know if I can continue to pay the taxes on the place. Who knows.
TIA
#housing