@@JustinHitt No, itll never be a farm again. Now its a McMansion for rich dickheads which will do nothing but drive up property values thusly increasing taxes for everyone. This is how people get outpriced from their own homes.
The reason your value went up so high is more a matter of corporate investment spiking prices, if they cut farm welfare and implement income limits, it would shift things back to actual family farms and the only land private equity would be interested in is the land they can get welfare to develop.
I think you should probably watch it again to understand. He used the road to bring in heavy machinery. He completely changed/developed the entire property and instituted rotational management and pasture systems. He essential turned a property into a working business.
Clearly, knowing what you are doing makes a huge difference. While it's hard work, the investment you've made in education paid off.
gentrifying the countryside?
@@DieselRamcharger What? How is fixing all the broken stuff on a dead farm gentrification? That farm is alive now.
@@JustinHitt No, itll never be a farm again. Now its a McMansion for rich dickheads which will do nothing but drive up property values thusly increasing taxes for everyone. This is how people get outpriced from their own homes.
The reason your value went up so high is more a matter of corporate investment spiking prices, if they cut farm welfare and implement income limits, it would shift things back to actual family farms and the only land private equity would be interested in is the land they can get welfare to develop.
I highly doubt simply putting in a road, fixing a roof and drilling a well adds 825k of value.
I think you should probably watch it again to understand. He used the road to bring in heavy machinery. He completely changed/developed the entire property and instituted rotational management and pasture systems. He essential turned a property into a working business.
This guy gets it!
@@DearworthBooks👏👏👏
@@DearworthBooks oh I get it, the only way these makes sense is if you buy the property for significantly under retail value. period.
@@homeguardster Or significantly underutilized. Or with a very long time horizon. I agree with you - that's the leverage.