Originally posted by 76chevy:
Pretty reasonable rate for the county with the highest deer and turkey harvest per acre.
However, I just don't get the logic in this. In 3 years time, at this current lease rate you could have saved $15,750 in cash
A nice down payment towards an asset you own forever and would see the long term value appreciate on.
Originally posted by arlowe13:
[b] We pay $15/acre for 350 acres in Switzerland Co
I get what you are saying, but 350 acres even @ say..$3,000 per acre is over a $1,000,000.00.
At the rates they are paying, they can hunt a lot of land without tying up a lot of capital (in comparison to the costs of buying).
Let's say you financed a $1,000,000 @ 4% interest for 20 years. You are looking @ payments of roughly $6,000 per month.
BTW, Arlowe13 must have posted while I was typing.....
