Re: Posted signs litter my trees

"Farmall" <PENMART01@xxxxxxx> wrote in
news:1134582898.390897.180780@xxxxxxxxxxxxxxxxxxxxxxxxxxxx:
> You needn't worry, Delaware and Otsego counties will not
> become surburbanized within your lifetime, not in your
> grandchildren's lifetime either... probably never. But, if
> you're seriously considering purchasing property in NYS
> rural areas you'd best do it now while it's still somewhat
> affordable, and still some decent buildable land left.

yeah, no kidding. land prices in Dutchess, Ulster & Columbia
have more than tripled in 10 years. they have become rather
built up also, which is why i'm concerned about Delaware &
Otsego. they're commuting distance to NYC, at least as much as
Ulster is.

A
> so-so buildable acre that has utilities at the road can
> easily run $20K. When you see RE ads for $3K-$5K/acre it's
> typically wet lands, 4X4 accessible only, and no utilities,
> okay for hunting, but that's it. If you can afford to buy
> and maintain what you think looks like decent farms then
> you are a wealthy man, what few become available are
> expensive for what they are.

well, wealthy or not, i'm still not a man ;)

> A really run down 100 acre farm can typically cost some
> 200K and more. By really run down I mean it hasn't been
> farmed in perhaps 40 years,
> the barns and
> outbuldings have collapsed or are about ready, and the farm
> house is maybe 150 years old and no longer habitable
> (usually much less money to tear down and rebuild than to
> rehab). The same farm in good condition will typically run
> 1 Mil and more. However there are good deals to be had,
> but requires constant vigilance and tremendous effort.

that sounds like Ulster... however, i don't consider $250k
unreasonable for a 4 bedroom, pre1900s house with barns on
slightly over 100 acres to be a rediculous price. i'm quite
aware of the pitfalls of old houses. my current house was
built in 1815 & has some rather, um, interesting quirks. i
prefer old houses as long as the basic integrity is intact.
old houses that have survived this long are generally solider
than the newer stick built houses from the post war era on.
where i currently live, a run down house with no barn on 30
acres (*if* you can find one with that much land) would sell
for $650k & up.
i do find it rather amusing that if you add "horse property"
to the real estate listing, the house costs goes up $100k or
more, even if the "horse property" is sitting on barely 2
acres... don't these people ever let thier horses out of the
stall?
BTW, are you aware that NYS has grant money to repair old
barns? it looks like a pretty good deal, assuming you don't
intend to tear the barn down ever.
lee
.

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