Question: Is $10.88/sq. ft a good price? 
Of course, the answer is dependent upon many other factors.
This isn’t quite like investing in gold, but it’s pretty close. If you’re uneasy about the fiscal conditions of the US (and we all should be), then you’re going to want to place some of your capital in something that’s usually a good hedge against inflation.
Now, pricing is difficult and much of the value is subjective. For instance, people with small children may value a home closer to the school than otherwise. Others would value a home closer to their place of employment. Retirees would want close amenities.
Like the stock markets, if one is looking to make money, the formula is pretty easy. Buy low and sell high.
Brand new metal roof, nice solid hardwood floor throughout, (no weak spots), new electric wiring, plumbing and gas hookups all work, central heating. Nice size yard, but not too big to maintain.
Small town ( about 1800 people), low crime. Small industry nearby. Town has all amenities necessary. Great fishing nearby.
Best of all, 5 grandbabies less than 5 minutes away!!!
Contract signed this weekend. No bank payments.
I celebrated last night, but I think I’ll celebrate tonight, as well! 
suyts space 
Damn! I did not realize you were that old. You got me by 1 on the grands.
Lol, they’re stair-stepped.
I hit five when I married wife 3 in 1985. I actually lost count.
Lost count of the grand-babies or wives? 😉
LOL – I was just starting out on the kids in 85.
Congrats, brother! It’s great news. Did I hear about this before Mom?
LOL, no. I spoke to her yesterday.
ditto damn……only we’re about $3-400 sq ft
Sounds good to me (except the fishing, having been an involuntary fisherman in my youth). Best wishes for the move!
Yeh, it isn’t fun when forced. The type of fishing I’m talking about it purely recreational. A cooler full of beer, a minnow bucket and sunshine.
I prefer the cooler and blood worms. But you kind of need salt water for those kinds of fish.
Congrats James! I put a custom metal roof on my home about 3 years ago and absolutely love it. My 30 year Corning architectural shingles lasted 7. Metal was a no brainer.
I live in the country and built for about $60/sq ft, and alot of it myself, so you did incredibly well.
I will be sure to join you, at least in “spirits”, in your week long celebration! 😉
All the best!
Thanks! If you ever find yourself in SE Kansas, we can share the spirits in person!
That would be a pleasure! It’s been a long time since I crossed Kansas. Last time was on old highway 50, and that was my favorite crossing, beats the interstate by light years.
Yes, 50…. going west is nice to drive.
I may be doing some travelling this Spring. I will keep you advised.
The new thing in my life is a wedding next Saturday. I will share photos on Google Plus.
Hey Mike! Good to see you again my friend! Do tell…
uh…..repeat that slowly please!
I – AM – Getting – MARRIED!!!
Is That S-l-o-w enough! 😉
there’s so many things I could say……
but I won’t
CONGRATULATIONS!
LOL!
Yes, congrats Mike. All I can say right now, is that she must really be something!
Are we all invited? 😉
If you can make it to Cumberland Falls Saturday afternoon, Why not!
I know it sounds lame, but I have to work (unless I get fired by the weekend). Sounds like a good time will be missed by yours truly.
Last time I was at Cumberland falls, we broke a canoe in half, and not on purpose. Beautiful country.
All the best to you and your blushing bride Mike!
Congrats Mike!
Congratulations Mike!!!
James: Congrats on the new house! I will probably swing by sometime in the Spring, and maybe find a GATOR along the way!
Sorry Lat, a trip to Florida is a couple of years from now
Excellent! We didn’t spend enough time last time!
we might be a tad closer by then 😉
There is plenty of room in East Tennessee!
Congratulations, James! I’m making my plans to escape Las Vegas probably this year. I’m looking towards North Arizona up in the mountainous area – conifer forests. I gotta get out of this land of Reid and the state that ranks last in just about everything. I promised my wife a plot of ground where she can plant a vegetable garden and a tractor she can drive around the garden. I hope I do so well as you on a plot of ground and a roof.
I hope so, too! Of course, I’m telling you anything you don’t know, but it takes patience. The deals are out there, you just have to stumble upon them.
Congrats James … see ya Thursday
Thanks Vickie! I’ll see you Thursday if not sooner!!
Wow! Five grandbabies! I’ve only two, but they make you young again!!!!
Jim
Yes, they do! And they’re all the perfect age! The youngest has started preschool, and the others are all still in elementary school! The boys acting in typical boy manners and the girls acting in typical girl manners! All with great hearts! They have no idea what they do for me just by being around them.
I hope to visit you one day but seems I might have to be somewhat quick as you have grandchildren and might be getting a bit long in the tooth.
Kelly:
That young wiper snapper is not long in the tooth! 😉
LOL, Kelly, I’ll be around for a bit! You come by anytime! I may even visit down under one day!
We should make it an invasion! Oz is the number 1 stop on my places to visit (and I have seen a lot of the world so far).
I do like the idea of meeting you all but would probably be a few years off unless you visit Australia but I can only provide a bed in a shared room (I only have a studio apartment). The internet is such a great thing where anyone with some means can talk to people on the other side of the world and gain real insights not just little bits that are seen on tv which are often misleading anyway.
I am looking more for a “tour guide”. Like how to say things, and where the best beer pubs are. 😉
Hey PJ! You may want to consider a ‘professional’ guide, or ‘escort’, Australia has them…
http://en.wikipedia.org/wiki/Prostitution_in_Australia
Just sayin’… 😉
Um, I will probably be with my wife, and she takes a dim view of those types of “guides”. She is funny that way. 😉
I hear ya! Some chicks just aint broad minded. 😉
No worries! You wouldn’t believe what’s happening with me and mine.
Kelly, If I were to ever make it to Australia, I wouldn’t expect you to take care of me. We’ll get there by and bye.
In the meantime, I enjoy your contributions!
Congrats, and it seems from what I read that you have chosen the right time to buy. There is serious USD inflation in the pipeline. Nominal house prices in USD will therefore not go down further. Even the Euro is stronger than the USD for a while now.
Germany is repatriating its 4,000 tons of Gold.
http://www.zerohedge.com/news/2013-01-14/it-begins-bundesbank-commence-repatriating-gold-new-york-fed
Bundesbank doesn’t trust the Fed.
Thanks Dirk, that was my reasoning to buy a home now. They’re not going to get any cheaper. I can see where the home will easily double or triple in cash value in just a couple of years.