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Re:$1M will buy 122 acres in part of U.S. National Radio Qui... by randomdata on Sunday May 22, 2016 @12:22PM (#11749159)
Farmland fetches $15,000-20,000 per acre around here. $1M sounds cheap, if the land is any good.
Re:$1M will buy 122 acres in part of U.S. National Radio Qui... by bhickey on Sunday May 22, 2016 @12:26PM (#11749172)
Up in Vermont you can get timberland for $1-$3k acre. After you account for the lumber the dirt looks like it has negative value.
Re:$1M will buy 122 acres in part of U.S. National Radio Qui... by someguydave on Sunday May 22, 2016 @11:10PM (#11751594)
Sure, raw land is a liability to a degree - folks could go and hurt themselves on it and sue you, etc.
Re:$1M will buy 122 acres in part of U.S. National Radio Qui... by throwaway76543 on Wednesday May 25, 2016 @08:56PM (#11774416)
Tax liability as well. Holding land and doing nothing with it costs money.