Episode-409- The Value of Rural Land

Today we do sort of a two part show.  I start out with a bit of commentary of a few stories, two actually related to land values and dependence on city based economies.  I then move onto todays main subject, the value of rural land.  I will also cover a lot of buying and negociating advice and give you some actual market prices of what is available right now.

Join me today as we discuss…

  • A great post and video on ITS Tactical
  • Marlin Firearms is closing their North Haven, CT plant
  • Detroit is dying and the lesson we learn from it
  • Why rural land has not fallen in value the way most real estate has
  • Really considering the decision to go “off grid”
  • Why rural land offers stability in value (monetary and lifestyle wise as well)
  • Getting quotes and expert advice BEFORE you buy or even make an offer
  • Having “vision” for what a property can become matched to reality of the cost and effort required
  • Seeing solutions where others see problems
  • Some actual prices of land in AR, MO, NM, ME, WA and CO right now
  • Final thoughts on the true wealth of land ownership

Additional Resources for Today’s Show

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10 Responses to Episode-409- The Value of Rural Land

  1. Tim Covington

    A small correction. After Remington’s purchase of Marlin, H&R/NEF production was moved to Ilion, NY (not to the North Haven plant). I’ll be honest, the quality of the Ilion produced Handirifles has been well below the original factory’s quality.

  2. Taylor Davis

    I couldnt disagree more with your comments about the entertainment industry. Technology is killing it (or at least fundamentally changing their business model) faster than any other industry that I know of, and your show is part of the model that is killing it!

    Content on demand (such as netflix, hulu, youtube, podcasts, itunes, etc) is replacing traditional media rapidly. Movie theater ticket sales are way down, as are physical media sales. People want it now and they dont want to have to drive to get it.

    The great thing about it though is that it removes the power of broadcast media. No longer do a handful of people control every time of multimedia that the average american has access to. Now people have control over what media they choose to consume. Why do you think the MSM has become so much less relevant to so many people than they used to be?

    No industry is safe, certainly not Hollywood.

  3. Gerald Stephens

    I got tired of all the crap on satellite radio and started to use my smart-phone to listen to pod-casts while in the car. In that process I found your show (awesome work).

    I am curious on your thoughts of securing remote property while you are away. If you have stores of food, solar equipment, etc… The first thought that came to mind was; I don’t know a hunter who has not had a tree stand stolen from some remote area. I know if someone wants something bad enough they will get it, but a well equipped BO shelter could have a lot of money and/or sweat equity tied up in it.

    Just curious on your thoughts.

    Keep up the good work!

  4. Modern Survival

    @Gerald,

    This is one area where I and James Wesley Rawles agree 100%. There are only two ways to do it,

    1. A line of sight trusted neighbor who lives on the property.

    2. Store the material in such a way that no one can see or find it. This means no structure of any kind on the property, keeping things underground, etc.

    In our current case our BOL in Arkansas is part of 5 home community behind a locked gate. I have one neighbor that is line of sight to the property and all of them keep an eye on the place, have our cell phone numbers and of course our blessing to intervene should they see anything fishy going on. I actually know those people better than my neighbors in Arlington.

    When we get the second remote property after moving to our main retreat property the solar gear will stay with the RV. What we will cache will be some gear and food, etc. This will be stored in good containment systems underground. We will also post the property, that doesn’t guarantee anything but it does help. The honest respect the signs and the dishonest tend to be leery of the potential of being shot in the back woods.

  5. Martin McFly

    I enjoyed the discussion about 6-figure properties falling in value to the 4-figure range when the business which built the town dries up.

    I couldn’t help but wonder…. It seems the housing in Washington DC is rather expensive right now. I sure would like to see its value drop the same way as it did in Detroit! :-)

  6. Being land owners was the best decision my husband and I ever made. We’ve never lived in extremely remote locations, but just being outside of big city life (and even outside the city limits of our neighboring small town) affords us the ability to grow a garden, build things without home owners associations butting in, etc.. We hope to eventually find a BOL that is remote, but where we are now works out well by being close enough to the elementary school and my husband’s job to be able to make the necessary trips in a reasonable amount of time, but still not be elbow-to-elbow with our neighbors.

    Great show, Jack-

  7. Maybe I missed it as I work while listening, but did you address tax issues of rural land? Getting agricultural status or something similar even if you don\’t live on it. etc.

  8. Jack,

    If you’re not able (or don’t want to, and I don’t blame you!) to get up to Detroit, here’s a little photo-essay that got a lot of attention last year.

    http://www.marchandmeffre.com/detroit/index.html

    Yes, it does focus on the negatives, but sadly there isn’t much else in the metro Detroit area.

    On the other hand if you are getting up to Detroit then I’ll meet you there. :)

  9. Here is a photo essay of some of the decay in Detroit:
    http://www.time.com/time/photogallery/0,29307,1882089,00.html

  10. West Texas, the land is ridiculously cheap. Of course water is an issue, but still.