Barndominium or Shopdominium Steel Building Experience?

[Bacchus]

But, I can buy 5+ acres or so at ~10k an acre about an hour north of here outright in a couple years.

Think real hard about buying it now, and financing it. In a couple years an hour north is going to turn into 2 hours north.

I bought my land 5 years ago on a note. Kept me up at night worried about how I was gonna pay my mortgage and a land note at the same time. In that 5 years the land has appreciated to 6 times what I paid. There's no way I would have kept up with that appreciation just setting aside the payment every month and paying cash.

Give it time. Once all these assholes fleeing California have filled up the current states of infatuation, they'll move on to yours. They're locusts. And they're coming.

 

[BDK]

Buy land, God ain't making any more. What Bacchus said is true, you won't be able to save fast enough to get ahead of rising land prices.

I have about 50% of my investments in land. It's a way to move money into a physical asset that will increase in value. It's something I can stand on and look at, and a little more work for it to be taken away than cash in the bank. Since I'm buying it around the property I'm building a house on, I'm creating a buffer zone to keep people out, increasing my privacy, security and preserving the view. Long term investments to help my child in the golden years.

Interesting how I keep getting indirectly called an asshole and a locust by people who live in conservative areas because I want that for myself. I picked what is arguably the most conservative county in Arizona to live for all the usual reasons; affordability, less people, etc., but also because it's still full of cowboys, ranchers, truck drivers, honest working class people. I relate to them better than the asshole neighbors in my upper-middle class southern California neighborhood. People are polite, have manners.

I understand it's driving up the land and housing values in other areas, but that's just the way it is. It happened here decades ago. My kid bought a 950 sq ft condo for $300,000 three years ago. It's worth $550,000 now. I paid $410,000 for my house here 20 years ago. People are having bidding wars on similar houses for 1.2-1.5 million to live next a bunch of arrogant elitist, Tesla driving pricks. I'm the type of Californian you wouldn't mind moving in, because I have no intention of changing anything. Yeah, I'm building spec houses in the city there, but I'm also employing locals, paying taxes, putting money into the community.

Things never stay the same for very long no matter how much people bitch about it. Change is inevitable. You can either go with it, plan ahead and enrich yourself, or do nothing and then bitch about it.

 

[tracyb]

Till you're smelling exhaust, paint and welding fumes all night while trying to sleep.

only if yous tarded.

half my home shares a wall with tthe shop, and there are 3 man doors from home to shop. the main door off the kitchen i even removed and its just a half glass screen door.

i work from the home shop. and my wife can smell a rattle can at 100yds.... there are zero fumes that make it into the house.




around here garage space attached to a home is valued no more than a 2 car garage. if my home and shop where separate the assessed value would almost double. we also have a much smaller home because the shop acts like a secondary space. a shop/home shouse, barndo, shopdo, whatever you call it is the only place i'll live.
basically i live in an ADU, or mother in law suite. when the time comes i'll build a separate house and sell, then get another piece of land and do it all over again.

i'd think in AK you'd be all about a shouse. just for the energy savings alone.

 

[Dethmachinefab]

around here garage space attached to a home is valued no more than a 2 car garage. if my home and shop where separate the assessed value would almost double. we also have a much smaller home because the shop acts like a secondary space. a shop/home shouse, barndo, shopdo, whatever you call it is the only place i'll live.
basically i live in an ADU, or mother in law suite. when the time comes i'll build a separate house and sell, then get another piece of land and do it all over again.

i'd think in AK you'd be all about a shouse. just for the energy savings alone.

Same reason I've got a shop basement. Major tax savings and shared energy costs.

I'd love a big clear span building with gantry crane. Have the money to build and the land to do it, but the tax burden is so excessive I won't.

 

[Clemson13]

Same reason I've got a shop basement. Major tax savings and shared energy costs.

I'd love a big clear span building with gantry crane. Have the money to build and the land to do it, but the tax burden is so excessive I won't.

Where did you buy your land? I know you were looking. Or is this at your current place up north still

 

[Dethmachinefab]

Where did you buy your land? I know you were looking. Or is this at your current place up north still

This is when I came back from FL and built my NY place. Still looking, I'll find my free state piece of dirt eventually.

 

[arse_sidewards]

Think real hard about buying it now, and financing it. In a couple years an hour north is going to turn into 2 hours north.

I bought my land 5 years ago on a note. Kept me up at night worried about how I was gonna pay my mortgage and a land note at the same time. In that 5 years the land has appreciated to 6 times what I paid. There's no way I would have kept up with that appreciation just setting aside the payment every month and paying cash.

Give it time. Once all these assholes fleeing California have filled up the current states of infatuation, they'll move on to yours. They're locusts. And they're coming.

Yeah, what about the next five years? You got a crystal ball that tells you that one?

And that appreciation means fuck all other than higher property taxes if you're not in a position to sell.

Back east there are god knows how many millions of lots that have basically just tracked inflation plus or minus a little depending on whether you take your measurement at a point in time when real-estate is hot nationally.

Interesting how I keep getting indirectly called an asshole and a locust by people who live in conservative areas because I want that for myself.

Because you are. You can spew all the bullshit you want about being one of the "good ones" but your effect in aggregate is undeniably negative.

You are like social litter. No one piece of litter turns the park into a dump but every piece of litter counts towards it.

Things never stay the same for very long no matter how much people bitch about it. Change is inevitable. You can either go with it, plan ahead and enrich yourself, or do nothing and then bitch about it.

And what happens when that change puts a bullet in you because the whole system breaks down? Plenty of dumb old boomers saying they DGAF because they got theirs. But what good is having yours if it gets your kids or grandkids tossed in a hole with all the other people on the wrong side of history?

Must be nice being old. You don't gotta plan on a 30 or 60yr timeline where the real unknown-unknowns are. You don't gotta wonder how the collapse you precipitated will effect things.

Younger people gotta worry whether sometime in the 2060s they'll get fucked out of their retirement investments or if they'll get fucked out of their land. When you're in it for the long haul you can't afford to discount political instability and how it may affect your investments.

 

[45acp]

Yeah, what about the next five years? You got a crystal ball that tells you that one?

And that appreciation means fuck all other than higher property taxes if you're not in a position to sell.

Back east there are god knows how many millions of lots that have basically just tracked inflation plus or minus a little depending on whether you take your measurement at a point in time when real-estate is hot nationally.

It's really going to depend on the area, and it's going to vary alot.

My property tax on 90 acres went up from $400/yr to $450. 20 miles away, the land my house sits on was bought around '98-'99 for $1000/acre and dude admits he overpaid. 24 years later it's going for $12-15k/acre and it's only that low because it's shitty land.

Of course any plan or idea since '20 is a complete guessing game, as all land could be worth $1 before this decade is over. But everything else will be worthless too, so...

 

[Bacchus]

Yeah, what about the next five years? You got a crystal ball that tells you that one?

And that appreciation means fuck all other than higher property taxes if you're not in a position to sell.

Back east there are god knows how many millions of lots that have basically just tracked inflation plus or minus a little depending on whether you take your measurement at a point in time when real-estate is hot nationally.

You gotta keep up with the conversation instead of spewing word vomit just to be an asshole. My crystal ball says it's going to be more expensive in 5 years. A lot more? A little more? Who knows, but it's going to be more, no question. If he's looking to buy land, that appreciation means the difference between affordable and not. If affordable land is an hour away now, it's very well likely that he's going to have to look further out in 5 years to find it at the same price.

 

[DT75FLH]

Lucky about your well....

I had 40 acres about 60 miles east of your lot.... property was at 5k feet...avg well was 6 to 800 ft deep...

 

[45acp]

Jesus.

Here, a 600ft well would be dry. All the water is at 2-50ft.

 

[gunracer1]

Jesus.

Here, a 600ft well would be dry. All the water is at 2-50ft.

we had 3 hand dug wells on our place in redlick. then my dad had them come in and drill us a good well. neighbors freaked when they heard 105'.

 

[BDK]

Question about the patio ceilings: What costs more, painting the unfinished ceilings and running conduit for all the outdoor lights and outlets, or insulating and finishing the ceilings, no conduit? What is the general cost difference?

I'm thinking in the long run, I would like the look of finished ceilings for the patios. The shop/garage will be finished. No exposed beams other than the peeler posts and the giant timber truss in the patio, which are going to be stained. Finished patio ceilings will highlight the timber truss. Outdoor kitchen will have stained natural/live edge wood slab counter tops.