Re: $340K at 5.5% Fixed for 30 Years
by
theNairobiTrio
07/18/2008, 11:43 PM
Hey G - glad to know you appreciate it.
Check out the stats on Williamson County, TN - it's damn close to Westchester County NY and Marin County, CA.
And we got 41 acres topping an 1100 foot mini-mountain with a 270-degree 150 mile view clear across the Cumberland Plateau to the Smokies.
So yeah - I'd agree with you in general, but in this situation, I think it can only go up (like KY Jelly heh heh heh.)
Even though the land itself was $600K for the first 30 (plus existing house), $100K for the next five and $200K for the last six.
Cause last year LeAnn Rimes shelled out $5M for just five acres with the same kind of view as close to town - only 25 miles or so from Music Row, even though it's so rural here there's been no sewer lines laid by no one.
Plus, it don't matter if it goes down actually, because it's not an investment. It will go to the Audubon Club or something like that when she's gone - a long time after me. There was a place like that in the village I grew up in - Brinton Brook Nature Preserve - some friend of Irk's and Arch's left it for that purpose when she went. (Seriously - except for the part about Irk and Arch.)
Anyway, Dave Ramsay (who's based in town here) says real estate is the only place to be right now if you want anything that will appreciate safely.