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Weekly Survival Real Estate Market Update
We are presently heading into the spring selling market that should yield
some of the best prices seen in years in rural America, especially in the Pacific
Northwest region, in particular. At this point, especially in small towns in
the region most folks have realized that their golden egg is about to hatch
a goose and that they should have sold their property two years ago while there
was still a chance to sell at reasonable prices. A lot of folks waited and
kept their property prices too high and listened to others who spoke of the
market "coming back soon" and "don't worry." Well, now
they are scared. I moonlight as a gunsmith at a local gun shop and during the
two weeks preceding Christmas last year we sold absolutely no firearms at all.
What we did do and continue to do each week is pawn and redeem items for folks
just to make it to their next paycheck.
Heading into the spring time here the tide has turned from pawns to folks selling
what they can to buy battle rifles, a heavy weight of reality is starting to
hang in the air in rural America, even people that are not true preppers like
you and I just know something isn't right. Recently, locals that would have
never thought about owning battle rifles have been trading in their deer rifles
for black rifles. We cannot keep .308 caliber semi-autos on the shelf, period.
We have tons of AR-15's but if an HK or FAL shows up it goes within a day or
so. Farmers might be slow movers but they're not dumb, they see what's coming.
All the .308 and related components are going as well. We went to order a few
of Rock River Arms new LARs in .308 (the same as the Bushmaster BAR-10, they
bought the rights from them last year), a great big brother of the AR-15 chambered
in .308 and they said they had a two year backorder list! The point of my sidetrack
here is that small towns are already getting hit hard economically just by
what has happened in the past five months or so. They realize that they had
better sell what they're going to sell or they'll need to wait along time to
get a better price, if ever. This applies directly to real estate as well.
Bargains abound, especially parcels that were split up over the last year or
so that have not sold, like one I have reviewed and JWR has approved on SurvivalRealty.com,
called the Ridgetop
Retreat. It is part of a larger 104-acre parcel that
as far as I know no parcels have sold so someone could buy the entire 104 acres
in the range of $570,000 and then
sell the divided parcels to fellow like minded individuals.
Now is the time to swoop in and for someone that can pay cash or make easy
financing terms, the real estate inventory is huge, and there are now some
real bargains. There are many sellers that are on the brink of foreclosure
and just want to get out with a few bucks and deals can be had. High end builders
are sitting on finished product and have to refinance the homes out of the
construction loans with cash out just to make the payments, and the banks are
dong it, knowing that they are simply loaning them the money to do so, but
what choice do they have? The high priced homes and land are simply overvalued
and sinking everyday. Several parcels on SurvivalRealty.com have been dropped
several hundred thousand dollars from last years listing prices with some more
room to maneuver.
I'm working on several plans for groups in survival real estate. My preliminary
thoughts are that it would require folks who have been humbled enough to be
thankful just to have 'something' to go to in a time of peril and folks that
have a sum of cash they need or want to invest in such a venture, but not enough
to buy or build their retreat. I'm looking for ten investors that can put in
$100,000 to $150,000 each to pool together $1 million to $1.5 million USD.
This would be enough to purchase an amount of acreage and build one large building
with ten separate living quarters with a large common area(s), something like
a survival condo(s) complex, but complete with a communal basement bio-bunker,
food storage, indoor range, indoor greenhouse, individual walk in safes in
each unit and many other features. I have preliminary plans of the complex
and should this move farther forward such plans will be available to those
interested parties after consultation.
During good times the condo units could be used whenever the separate deeded
owners wanted for vacations, family outings and holidays, et cetera. During
times of peril the owners simply show up and start living, cooperating on security
and other daily activities. To some this may seem absurd, but if this peaks
your interest please contact me and we can discuss further. The location of
such a property would in all likelihood be in the Palouse hills region of north
central Idaho, due to the price per acre of land and more favorable weather
and growing seasons. Remember, time is short and the buying power of your USD
is falling. Every day you delay doing something towards getting to your retreat!
For further information, see my private Idaho pages on SurvivalRealty.com or
contact me directly via e-mail. Remember, Idaho is what America
was…Free!
