LandThink

In your opinion, is owning land that adjoins a national forest, park or wildlife refuge an advantage or disadvantage?

Imagine you are relaxing in a rocking chair at Cracker Barrel on December 31, 2012 with a copy of the statement from your brokerage account.

Back in the “good ‘ol days” of 2003, 2004, 2005, we here in North Carolina would hear about the bidding wars that went on between Buyers in California, Washington State, and other real estate hot spots in the country.

In 1913, one dollar bought 18 loaves of bread or three gallons of milk or close to three dozen eggs. Today, one hundred years later, one dollar fails to buy a single loaf of bread or gallon of milk. It buys about six eggs.

The gridlock in Washington might soon impede new land transactions and those already in escrow. The failure of our government to come to an agreement on a federal budget last Monday night could soon start to impact…