Random Thoughts XII

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#4,603
#4,603
VOLFREAK11 said:
Yeah my job isn't going to be the highest paying so I'll have to do a good job saving.
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If I had been smart from the beginning of my work career and save in IRA like I am now, I would have been able to retire at 40.:vava:
 
#4,604
#4,604
VOLFREAK11 said:
Yeah my job isn't going to be the highest paying so I'll have to do a good job saving.
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Or, throw in with a few close friends and buy a lot of land on the lake. A friend I worked with in Texas some years back did that. He and 9 close friends went together and bought 1000 acres that included some dove fields and a good size pond/lake. None of them lived there at that time, but it was open to all for fishing, hunting, camping, ATV's, etc.
 
#4,610
#4,610
Slydell said:
Or, throw in with a few close friends and buy a lot of land on the lake. A friend I worked with in Texas some years back did that. He and 9 close friends went together and bought 1000 acres that included some dove fields and a good size pond/lake. None of them lived there at that time, but it was open to all for fishing, hunting, camping, ATV's, etc.
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The land on Kentucky lake is so expensive I would have to save 40 years to try to buy up a bunch of it with friends. I just want to retire on Kentucky lake in a small little log house with a bad bass boat sitting in the water.
 
#4,613
#4,613
My grandma said her and my pa pa regretted not buying this small house on Kentucky lake by where we stay at. In the 70's they could have bought it for I believe 30k, now its probably a 200k house and its not big at all.
 
#4,615
#4,615
VOLFREAK11 said:
The land on Kentucky lake is so expensive I would have to save 40 years to try to buy up a bunch of it with friends. I just want to retire on Kentucky lake in a small little log house with a bad bass boat sitting in the water.
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Good plan. I could live like that. I passed up buying some land on the North side of Norris Lake 25 years ago. I thought=Who the Hell wants to live up there? The land was $200 an acre!
 
#4,616
#4,616
Slydell said:
Good plan. I could live like that. I passed up buying some land on the North side of Norris Lake 25 years ago. I thought=Who the Hell wants to live up there? The land was $200 an acre!
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Whats it worth now? 35k? I guess it all depends on where at on the lake its located.
 
#4,617
#4,617
VOLFREAK11 said:
My grandma said her and my pa pa regretted not buying this small house on Kentucky lake by where we stay at. In the 70's they could have bought it for I believe 30k, now its probably a 200k house and its not big at all.
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Property is generally a good investment. Only sucks if it's a crap hole. I have two friends who bought a small house and property in Watsonville, CA back in the 70's for around $30,000. The house is about 1000 sq. ft and the property is 200' x 200'. Very small. But, happens to be on the beach and was worth $1.2 mil last time I talked to them. Watsonville is just South of San Jose.
 
#4,618
#4,618
VOLFREAK11 said:
Whats it worth now? 35k? I guess it all depends on where at on the lake its located.
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Have no idea what the worth is now. Knowing Tennessee and how everyone wants to be on a lake somewhere, it could be $50K a lot. Almost the entire northern side shoreline was for sale.
 
#4,619
#4,619
Ah. I see you guys have discovered inflation :)

It grossly inflated those numbers you're quoting. I'm sure it's still a good investment after it's adjusted tho
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