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Re: At last – I’m not alone!

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  • Fri, Feb 27, 2009 - 06:21pm

    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: At last – I’m not alone!

Annie, I know how you feel. We worried about the costs of land and tried to weigh our risks. For us, it just made more sense to put our money into the remote land instead of waiting or putting that money into our current city house. Remote land was essential for us because we think it will be very bad to be near any large population areas if a collapse occurs, that helped us out because land in the boonies was significantly less expensive (although other incremental costs are higher). But we were lucky that we had just enough cash not to incur debt for the purchase. 

I’d be worried that, although land prices might go down, the value of your dollar would also go down so you’d be in the same predicament either way – not an easy situation.