Inflation and retirement

NewHope33
Mon, 24 Oct 2011 15:59:46 +0000

Please be especially careful buying farmland. Assumptions can turn a good investment into “Why did we think this was a good idea?” alh is correct, renting tillable ground is easy. But mineral rights may or may not go with the ground. And some counties have been tightening zoning regs on some ordinary transactions … like subdividing for a single house development. In my FIL’s case, it think the county rule was “One house lot subdivision OK for a direct relative, otherwise minimum lot size is 40 acres.” (And I thought Napa Valley was the only place with 40-acre zoning.)