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Post by Woody Williams on Apr 13, 2006 9:31:03 GMT -5
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Post by DaWG on Apr 13, 2006 11:03:18 GMT -5
I agree. I don't want to be like Illinois. I cannot afford $30,000 to lease land as indicated in one of the posts. If it gets to that I'll have to quit hunting.
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Post by kevin1 on Apr 13, 2006 11:20:15 GMT -5
I agree. I don't want to be like Illinois. I cannot afford $30,000 to lease land as indicated in one of the posts. If it gets to that I'll have to quit hunting. For $30,000 you could buy a patch big enough to hunt/fish on . Extrapolate that over just 30 years and it's still less than most leases currently are . Why throw money down a rat hole when you can own ? Illinois is a textbook example of antler greed gone insane , I've been reading where residents are complaining about shortages of huntable land because of outfitters and leasing . Yeah , let's be like them ...  |
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Post by Deleted on Apr 13, 2006 11:33:56 GMT -5
Resients always complain about something, mainly about themselves and their failure to take care of their business.
Not all leases in Illinois are going for $30,000 a year. I know mine isn't even close to that. Price per acre is a bit higher than Ind. or Ky. but not much in certain parts. What is good about Illinois is that it has a lot better than average hunting Statewide, not just in Pike Co.
Another factor is why people lease and pay these prices. It often involves groups or clubs pooling their resources together to achieve quality hunting. And Ill. has quality hunting. Land prices are high in Illinois because you can make good money from farming the land there. I've seen virtual useless wetlands sell for $2000-$3000 per acre near our lease.
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Post by DEERTRACKS on Apr 13, 2006 11:49:58 GMT -5
I agree. I don't want to be like Illinois. I cannot afford $30,000 to lease land as indicated in one of the posts. If it gets to that I'll have to quit hunting. For $30,000 you could buy a patch big enough to hunt/fish on . Extrapolate that over just 30 years and it's still less than most leases currently are . Why throw money down a rat hole when you can own ? Illinois is a textbook example of antler greed gone insane , I've been reading where residents are complaining about shortages of huntable land because of outfitters and leasing . Yeah , let's be like them ... Ditto. |
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Post by wolfhound on Apr 13, 2006 17:40:20 GMT -5
For $30,000 you could buy a patch big enough to hunt/fish on . Extrapolate that over just 30 years and it's still less than most leases currently are . Why throw money down a rat hole when you can own ? Illinois is a textbook example of antler greed gone insane , I've been reading where residents are complaining about shortages of huntable land because of outfitters and leasing . Yeah , let's be like them ... For 30,000 you can buy 10 acres here. In other counties you might get as many as 20 acres depending on land value there. Land prices here in Pike run 3000/acre for anything other than land in town. There's a fellow in Morgan County (adjacent to Pike) trying to sell 30 acres of timber for around 90,000. |
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Post by solohunter on Apr 13, 2006 19:05:38 GMT -5
Auction this month, 191 acres, word about town it may go for 6-7 grand an acre. I personally know someone who told me they would go as high as 5 grand an acre. If you can find 30 acres for 30 grand, better snatch it up...
Solohunter
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Post by woodmaster on Apr 13, 2006 21:07:39 GMT -5
The outfitter in Illinois I helped out last year averaged about $20 an acre for a lease. Depending on the size of the property.
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Post by varmint101 on Apr 13, 2006 21:24:44 GMT -5
Land prices sure do vary by county and area! A friend of my dad's bought 100 acres in Medora(Jackson) for $100,000. A guy I know in Brown County has 160 acres for sale right at $750,000. He may or may not get that who knows. Both properties are excellent for wildlife. And actually, the property in Medora would be better suited for living because of available water and power. Taxes are MUCH higher in Brown County too! Crazy.
Sure wish I could find land for $1,000 an acre(to buy) I could just hunt on!!
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Post by 911 on Apr 14, 2006 12:24:40 GMT -5
135 acres of farmground on a moderately traveled county road went for $5200.00 an acre here in eastern hancock county. We farmed this for 25 years and the ladies that owned it sold it at auction and we could not afford that.!!!  |
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Post by trapperdave on Apr 14, 2006 14:16:03 GMT -5
double that isnt unheard of here in Hancock, even away from town
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Post by lugnutz on Apr 30, 2006 21:55:18 GMT -5
Their is a reason Ill. lease properties are soo high. If you want the best of anything, you will pay for it.
Hey Woody, how much do you think Ill. made off of non-resident deer tags last year compared to Indiana?
I personally think Indiana's overall Rules and Laws just plain suck compared to neighboring states. What does Indiana do to get the youth into hunting? Do they offer anything for them, besides the discount hunting licences?
Indiana is light years behind, and they/we don't care!
Lug
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Post by drs on May 1, 2006 6:34:22 GMT -5
With the current U.S. economy being in a inflation mode, with high energy costs; I serriously doubt if people are going to rush out to purchase land to hunt on. With a great deal of uncertainty circling about the country/world, the last thing one needs is to make payments & be in more debt, on yet another item like land. If you want the land then sell your current residence and move to the area you want to live. I consider myself lucky to have some acreage to hunt on behind my home and a couple of other large areas inwhich to hunt on without having to "Lease".
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Post by steiny on May 1, 2006 20:25:54 GMT -5
I think recreation land or something like a lake front property is a great idea. Probably a pretty smart thing to do, once a person gets their home paid off. They aren't making any more of it, and land very rarely goes down in value.
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Post by drs on May 2, 2006 6:41:20 GMT -5
I think recreation land or something like a lake front property is a great idea. Probably a pretty smart thing to do, once a person gets their home paid off. They aren't making any more of it, and land very rarely goes down in value. While it's true, "they" aren't making anymore land. The value of land is determined by the old saying "LOCATION-LOCATION-LOCATION ! Also factor-in the taxes, insurance and the fact the land is worth only what someone is willing to pay for it, when the time comes to sell. It would not be prudent to pay off ones primary home and then borrow against it inorder to purchase land only for hunting or recreation. The only way I would buy recreational land is with cash, or I would sell my present home and find a piece of suitable property and build. |
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Post by steiny on May 2, 2006 20:26:40 GMT -5
I don't know about your neck of the woods DRS, but around here, and most places I am familiar with, land has only gone UP in value. Even marginal "scrub" or "rough" (hear hunting property) land still goes up in value over time. Sure, it may not perform like other investments, but you probably won't ever LOSE on it, and you will actually own something tangible, unlike stock, mutual funds, etc. If those investments go south, you're just left with nothing.
I'm not suggesting anyone should bury themselves in debt, or put their residence at risk to do this. Sure, paying cash is always best, but there is nothing wrong with borrowing a few bucks for something like this if you can cash flow it comfortably.
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Post by drs on May 3, 2006 6:36:06 GMT -5
I don't know about your neck of the woods DRS, but around here, and most places I am familiar with, land has only gone UP in value. Even marginal "scrub" or "rough" (hear hunting property) land still goes up in value over time. Sure, it may not perform like other investments, but you probably won't ever LOSE on it, and you will actually own something tangible, unlike stock, mutual funds, etc. If those investments go south, you're just left with nothing. I'm not suggesting anyone should bury themselves in debt, or put their residence at risk to do this. Sure, paying cash is always best, but there is nothing wrong with borrowing a few bucks for something like this if you can cash flow it comfortably. Steiny, I am hoping not to start an argument here, but my Mutual Funds, Annuities, Stock, Bonds, and other investments are currently doing great. If you watch any finance/business news, the experts are telling us that real estate is a VERY risky business thesedays with interest rates rising. All I am suggesting to others wishing to buy land that the excercise great caution in their investments and DO NOT borrow money just to buy "Hunting Property". In todays world of uncertanty things could happen causing loss of ALL property. Things like illness, job loss. Now if you want to move to an area, by selling your current real estate, and where your opportunties for hunting are greater than your present location; this is fine, but again excerise great caution. BTW What county do you live?? |
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Post by steiny on May 4, 2006 21:02:11 GMT -5
Maybe we won't have an argument, but I do strongly disagree with your thinking. Rewind the clock a year or two, and you will recall that most of those passive investments in the stock market did not fare too well, in fact many took a real beating. I participated in some of that fun.
I don'tknow what "experts" you are listening to, but real estate always has been, and always will be a good investement. They aint making any more of it. Secondly, interest rates are very favorable right now. Heck, I bought my first house at something like 13% interest.
Now .... pay too much for your real estate, or get yourself buried in debt to the point where you lose everything in the event of an economic downturn, lay-off, etc. ..... that's just plain dumb. However, that same rationale applies to any purchase decision.
I'm thinking along these lines. A guy gets his residence paid off, and is sitting pretty comfortable, minimal bills, etc. If hunting and outdoor recreation are your cup of tea, why not purchase some ground to play on. Put a good downpayment on it, don't go overboard purchasing more than you can comfortably handle payments on, and go for it.
Do a 10 or 15 year fixed rate loan. Maybe pick up something that has a little income potential via cash rent to a farmer, CRP payments, timber sale, etc. to help make a few payments or pay taxes, and you can't hardly go wrong.
So you do get laid off. The bank aint gonna take your house. Just sell the ground, and get out from under the loan.
FYI - I live in north central, IN, Cass county.
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Post by drs on May 5, 2006 6:48:22 GMT -5
No argument here but I can't help thinking that you must have had some very poor stock investments. True, that ALL investments fell especially after 9/11, but the Stock Market has rebounded strongly with energy stocks leading the way. The only lagging portion is the real estate & housing, which is down slightly. As interest rates grow this will fall even further. Personally I regained back all that I lost during the past 3 years after 9/11 in one case I sold ALL my Technology Stock before it collapsed. I also have money set aside ($21 K +) in a money market for emergencies. this doesn't draw much interest but at least itis insured up to $100K. I encurage everyone here to set aside money for emergencies. Currently I have "ZERO" debts and have 15 acres here in northern Vanderburgh Co. to hunt on, behind my home. NOPE! I would not be intrerested in borrowing any money for hunting grounds. I would first sell my current residence and then buy the land onwhich to build a home and enough acreage to hunt & shoot on. My current land is worth over $ 1 Million as I've been told by a number of real estate agents. If I were to buy Hunting ground I would want to live on that ground to watch over it. With all the areas being closed to hunting thesedays, there exists a possibility of vandalism, tresspassers, ect. Like a bunch of disgruntled hunters might go on your property and set it on fire or worse. So you want to live on your hunting ground too! A 15 year mortage?? NO THANKS ~LOL~  |
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Post by steiny on May 7, 2006 18:09:59 GMT -5
Dang DRS !
I thought I was just about the most conservative guy around. I think you've got me beat.
Just because it's not your cup of tea, that doesn't make buying a patch for hunting or recreation a bad idea, or a poor investment. My entire point is, that it can be a decent investment, plus provide a guy a place to have a whole bunch of fun.
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