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Stock Market is the bottom in?

Ny Montgomery and herkimer counties i see 2500-5000. Whole 310 acre farm for 1.4 million. Hunting is decent too.
 
I bought in April or May of 25 and sold in November. Wish I would have held it a little longer.
SanDisk is a new company, spinoff of one at least. paid 30-50 sold at 200-267 is 600-1300% gain. I'll take 2 or 3 of those...

Doing 1/2 ETF's 1/4 solid stuff 1/4 tech medium gambles. Today Added schwab high dividend SCHD, bought more Disney and Chevron, and added fluor FLR. Looked for someone who does nuke, general power, serves AI, and has been a solid company for a long time, yet under the radar some.

Think it was Elon musk said we will run out of power for these AI data centers in a year. Need boring generators to run fancy chips. Making high purity chemicals and materials to build electronics is power intensive in itself. Alot of electrolysis. Several states want to be able to curtail power to these centers if the grid is strained.
 
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PLTR held through earnings it seems. We'll see how it opens tomorrow. I'd still like to get some of it below $150 before we start the next adventure.

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I've also started buying CEF again. It's blown 20% off it's top in a record amount of time. I don't think that's the end of the volatility. I think we'll get to a point soon where it gets even wilder, and that could include more downside. Even so, It's priced now where I don't mind throwing in small amounts of cash as it comes in.
 
^^^Where are buying farm land for under $4500/acre?
I’d give my left nu# to go back 20 years and make a purchase I had lined up . Long story but I could retire now .

It was 880 acres in Iowa and 750 were tillable . The asking price was 1100/acre. Had them at $1000/acre. This farm had ponds, wooded draws . It was amazing .

I was gonna do a 1031 exchange into it, but was cash short by maybe 50k . Dang I kick myself . Borrow from the FIL ? You know hindsight is 20/20.
 
I’d give my left nu# to go back 20 years and make a purchase I had lined up . Long story but I could retire now .

It was 880 acres in Iowa and 750 were tillable . The asking price was 1100/acre. Had them at $1000/acre. This farm had ponds, wooded draws . It was amazing .

I was gonna do a 1031 exchange into it, but was cash short by maybe 50k . Dang I kick myself . Borrow from the FIL ? You know hindsight is 20/20.
I think you’ve been in the game long enough we all develop these stories. They hurt. But I see no end in increases in sight. It’s a scarcity thing

Bought my first piece for 1750 acre 8 years ago. Saw a neighbor 3 farms down listed his for $6250 this week.
 
I think you’ve been in the game long enough we all develop these stories. They hurt. But I see no end in increases in sight. It’s a scarcity thing

Bought my first piece for 1750 acre 8 years ago. Saw a neighbor 3 farms down listed his for $6250 this week.
Always an interesting topic. In SW MS the recreational land market has been competitive and efficient for 20 years or more. Appreciation has been steady but nothing dramatic, except for some pockets. It’s nothing compared to the appreciation seen in the Midwest. Shocking to me that us hillbillies were paying that much more for crappy hunting land back then — virtually none of it with any source of income.
 
Always an interesting topic. In SW MS the recreational land market has been competitive and efficient for 20 years or more. Appreciation has been steady but nothing dramatic, except for some pockets. It’s nothing compared to the appreciation seen in the Midwest. Shocking to me that us hillbillies were paying that much more for crappy hunting land back then.
I’m fascinated by land and geographical nuances/values. I think the Midwest is a product of many variables. First is proximity to major metropolitan areas with no shortage of hunters. The hunting is deemed good (true or not) compared to where these masses live such as Atlanta, Birmingham, Greenville, Huntsville, etc that the demand is high. Second is the footprint of careers is expanding to the point there is no footprint for those who don’t have to go to an office. So that brings me to another factor and that is incessant fragmentation. It seems that every 100 is broken into 20 or every 500 into 100’s. So the stay at home guy from wherever suburbia can buy 20 acres outside of bowling green and think he’s in the middle of nowhere. it’s subjectively pretty so people want to be there. On the contrary big tracts are hard to come by so they demand a premium cause good luck finding one. Then you have the ag component. Obviously the Midwest is fertile and conducive to ag so that drives prices up.
All that said I see no way prices even flatten let alone go down in this part of the world. The land is too scarce and multi dimensional to be negatively impacted outside of some huge macro event.
 
I think you’ve been in the game long enough we all develop these stories. They hurt. But I see no end in increases in sight. It’s a scarcity thing

Bought my first piece for 1750 acre 8 years ago. Saw a neighbor 3 farms down listed his for $6250 this week.
In 2021 went to look at a 128 acre parcel for sale in Buffalo County WI with my buddy, couldn't swing it myself but we could have had it for ~$500k, my buddy didn't like it. It sold a month later and then was listed late 2024 for $1.1 mil. That one was a hard one to swallow, I joke with my buddy about the quarter mil he cost me, he doesn't find it too funny 😂
 
In 2021 went to look at a 128 acre parcel for sale in Buffalo County WI with my buddy, couldn't swing it myself but we could have had it for ~$500k, my buddy didn't like it. It sold a month later and then was listed late 2024 for $1.1 mil. That one was a hard one to swallow, I joke with my buddy about the quarter mil he cost me, he doesn't find it too funny 😂
I had the dream 640 verbally agreed to 4 years ago. After a long story had to bow out when he had an offer for the full 820 and I couldn’t swing it. Well fast fwd 4 years and I’m pretty I’ve now paid more for my 700 then the 820!
 
I’m fascinated by land and geographical nuances/values. I think the Midwest is a product of many variables. First is proximity to major metropolitan areas with no shortage of hunters. The hunting is deemed good (true or not) compared to where these masses live such as Atlanta, Birmingham, Greenville, Huntsville, etc that the demand is high. Second is the footprint of careers is expanding to the point there is no footprint for those who don’t have to go to an office. So that brings me to another factor and that is incessant fragmentation. It seems that every 100 is broken into 20 or every 500 into 100’s. So the stay at home guy from wherever suburbia can buy 20 acres outside of bowling green and think he’s in the middle of nowhere. it’s subjectively pretty so people want to be there. On the contrary big tracts are hard to come by so they demand a premium cause good luck finding one. Then you have the ag component. Obviously the Midwest is fertile and conducive to ag so that drives prices up.
All that said I see no way prices even flatten let alone go down in this part of the world. The land is too scarce and multi dimensional to be negatively impacted outside of some huge macro event.
Oddly enough, around here the larger the parcel gets, the price generally drops a bit per acre. The people with the ability to buy 300+ acres at current prices are few and far between so you can often find a $1k/ac discount.
 
Bought a parcel in MN right at the time covid was ramping up, I'll never forget it. Signing papers sitting across the table from the closer for 20 minutes and at the end she tells me I should keep the pen "just in case". I laughed and said, "ok", was my first experience with it before the insanity kicked in.

Anyways, place was listed reasonably priced but wasn't moving, got word from a little birdie the price was lowering that weekend, went to look at it. Low balled them and got it for $3,100/ac. Realtor told me this summer it would be between 10-15k/ac on the market 5 years later. Things have gone crazy. I still don't know where the money is coming from for these prices.
 
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I’d give my left nu# to go back 20 years and make a purchase I had lined up . Long story but I could retire now .

Imagine dropping 10k into bitcoin when it was under a dollar. You'd be a billionaire.
 
I had the dream 640 verbally agreed to 4 years ago. After a long story had to bow out when he had an offer for the full 820 and I couldn’t swing it. Well fast fwd 4 years and I’m pretty I’ve now paid more for my 700 then the 820!

My grandfather had a verbal agreement with someone for first right of refusal. She sold it to someone else. Court said verbal agreements are worth almost as much as the paper they're printed on.
 
My grandfather had a verbal agreement with someone for first right of refusal. She sold it to someone else. Court said verbal agreements are worth almost as much as the paper they're printed on.
Yeah I’ve heard that stuff before. And I buy it, I don’t believe it’s worth anything more than a comfort blanket. In this particular instance I told the seller take the other offer, I can’t hang with those guys. He was a friend of mine so I didn’t want him to miss out
 
I think you’ve been in the game long enough we all develop these stories. They hurt. But I see no end in increases in sight. It’s a scarcity thing

100%

It's the same mechanism that let's the rich get richer. If you have tons of money, you can afford to throw out a chunk of cash on whatever you like. You get to enjoy tlwhat you bought, and if it blows up in value, all the better. And if it does down in value, so what? And you can price normal people out of anything and everything by just throwing more cash at it.
 
I’m fascinated by land and geographical nuances/values. I think the Midwest is a product of many variables. First is proximity to major metropolitan areas with no shortage of hunters.

If i had a lot of.money, I'd be buying outside of Columbus, Ohio.
 
Oddly enough, around here the larger the parcel gets, the price generally drops a bit per acre. The people with the ability to buy 300+ acres at current prices are few and far between so you can often find a $1k/ac discount.

I think it's like that everywhere. Certainly is in Ohio.
 
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