Newfie wrote:Good conversation here.
I don't know if I would consider myself "wealthy." Although I am by some standards by many traditional Western standards I am only "middle class" or perhaps "upper middle class." For all that we live in an urban center we are pretty frugal. I had some inheritance and put it to where I thought it made the most sense, and where my Father would have approved.
We bought 168 acres for $58,000 US about 7 years ago. Taxes are about $800/year. For the most part I have quit giving to charities, I feel that supporting this land makes for a more direct contribution to the world. This will likely be my inheritance to my kids.
True many can not afford it. But, on the other hand, if each person were required to have some reasonable scope of land, I don't know, say 40 acres, then that would limit our population to something sustainable. I don't for a second, a milli-second, think such a proposal has a chance, I'm just relating to Earth's carrying capacity.
Land is, in general, the smartest investment. (After health, anyway.) Not necessarily an investment for making money, but for engaging the natural world . . . life itself.
168 acres is huge, Newfie. Like owning your own little country. I bet there are places on it you'll never even see.
How far a drive is it from the city where you live? And do you have any hope to move there? (I know it's in Canada.)
I own land in two parcels, the 25 acres where I live, and 50 acres of wild pine timberland (which I call "Silverdeer") about 70 miles south of here. It cost $118,000 three years ago (land in Virginia is expensive; that was cheap by our standards . . . although the tract is one mile off road by deeded ROW). Taxes are only $220/yr. I used to visit Silverdeer monthly, but I don't get down there nearly as often anymore because both my parents are in nursing homes now, I don't like leaving this place or my dog alone, and my dog doesn't travel well, lol. After my fiancee arrives at the end of August I hope to start hitting Silverdeer again. The drive isn't bad but I do wish it were closer, and I'm not sure I'm going to keep it long-term. It's best to live on land you own, or for the land to be just down the road around the bend.
After being on 25 acres so long, the 50 acres seems really big. I can't imagine how big 168 acres must "feel." You can get lost on it, right?
I'd like to buy another 7-acre lot adjacent to these 25 acres, but I've never been able to contact the owner of record. I imagine this is the place where I'll croak, unless my fiancee doesn't like it (but she's gaga about it so far, without having been here yet). I'd pay big bucks for that 7 acres.