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  #1  
Old 03/06/07, 05:24 AM
 
Join Date: Oct 2002
Location: MD / PA
Posts: 256
Woo - hoo!!!

Well, we finally did it...DW and I made an offer on a 50-acre place in south-central PA that was accepted yesterday by the owners! We're finally going to get our place! (And get out of the People's Republic of Maryland!)

It's about half open, half wooded, has a small 3-bedroom house and a huge post and beam barn. There's a spring, a small pond (of about 1/3 acre) and a stream that bisects the property. The open half is on a south-facing slope so it'll get plenty of sun. The wooded half was cut over probably 15 - 20 years ago so it has lots of small trees and brush. The neighbors have 300 or 400 acres each, and there's only one house visible in the winter. It's perfect!

Current plans are to put up some tight fencing and get Icelandic sheep, probably some American Guinea, Tamworth or Bershire hogs, Muscovy ducks and a whole lot of chickens. There are lots of sign of coyotes so we're looking into LGDs or other guardian animals - there's a llama farm right up the road so we might try one or two of them. I'd like to use the hogs and sheep to clean out the woodlot a little bit, although I may have to protect the smaller trees I want to keep (there are lots of small hickory, maple and oak).

Will hogs pose a problem with the stream? I'm not sure how I can fence it off so they don't get out through the stream, but I don't want to create an erosion nightmare by having them in the stream too much. I guess if necessary I could create a paddock of the entire back section but it would be easier if they could have access to the stream for water.

Anyhow, we're really excited about this! I look forward to meeting anybody who lives in the area, too...we'll be in Bedford County, PA.
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  #2  
Old 03/06/07, 05:31 AM
 
Join Date: May 2002
Posts: 7,154
If you ring the hogs, they won't do near the damage to the stream and little trees as they would otherwise. They put "flood gates" in streams to keep livestock on your side of the fence.
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  #3  
Old 03/06/07, 06:25 AM
hippyleft
 
Join Date: Mar 2006
Location: Artemas Pa
Posts: 15
Welcome neighbor, Find your way over to the famous (Road Kill Cafe) and I will buy you breakfast. You will really like it here.
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  #4  
Old 03/06/07, 06:43 AM
Custom Crochet Queen
 
Join Date: Oct 2006
Location: Susquehanna, PA
Posts: 2,786
Welcome to PA! I'm in Susquehanna Co. Come visit our county at the Harford Fair in June. East Lake has some great camping. Nice to have more like-minded people in this part of the world.
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  #5  
Old 03/06/07, 08:42 AM
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Join Date: Oct 2006
Location: N. E. TX
Posts: 29,598
Double WhooHooo! Happy for you-

Patty
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  #6  
Old 03/06/07, 08:52 AM
 
Join Date: Dec 2002
Posts: 329
Lucky former owners got out just in time for crashing of the RE market.
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  #7  
Old 03/06/07, 09:16 AM
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a.k.a. hyzenthlay
 
Join Date: Feb 2005
Location: Southwestern PA
Posts: 2,024
Congratulations--I'm jealous! It's nice over towards Bedford--I'm sure you'll be happy there, and it sound like a lovely property. We drive by that way when we go to visit my parents in Maryland, and my mom's family is from Cambria County, not too far from Bedford.
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  #8  
Old 03/06/07, 09:23 AM
seedspreader's Avatar
AFKA ZealYouthGuy
 
Join Date: Oct 2004
Location: NW Pa./NY Border.
Posts: 11,453
Quote:
Originally Posted by Bruce in NE
Lucky former owners got out just in time for crashing of the RE market.
Please elaborate.
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  #9  
Old 03/06/07, 09:53 AM
 
Join Date: Jan 2004
Location: PA
Posts: 5,780
Congrats,

In June you will have to check out the Old Bedford Village, we will be there doing a Civil War reenactment. Just look for the 1st Lt of the 45th PVI and you will find me... PS: probably the shortest Lt there....
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  #10  
Old 03/06/07, 09:57 AM
Dutchie's Avatar  
Join Date: Mar 2003
Location: Pawnee Nation, OK
Posts: 2,418
Quote:
Originally Posted by Bruce in NE
Lucky former owners got out just in time for crashing of the RE market.

The real estate market is not a commodity. The health of real estate depends on the location it is in.

Please don't start a "panic" by making SWAG comments.
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  #11  
Old 03/06/07, 09:58 AM
 
Join Date: Dec 2002
Posts: 329
Quote:
Originally Posted by ZealYouthGuy
Please elaborate.
1. Read any major newspaper's financial & real estate sections. Even including USA Today.

Or visit this site: http://thehousingbubbleblog.com/

2. Put 2 & 2 together.
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  #12  
Old 03/06/07, 10:04 AM
Dutchie's Avatar  
Join Date: Mar 2003
Location: Pawnee Nation, OK
Posts: 2,418
Quote:
Originally Posted by Bruce in NE
1. Read any major newspaper's financial & real estate sections. Even including USA Today.

Or visit this site: http://thehousingbubbleblog.com/

2. Put 2 & 2 together.

This is utter nonsense and fear mongering.

Yes, there are certain areas in this country where real estate is over valued, for several reasons, and a market adjustment is in order. It may take quite a while for those markets to recover. Examples of these markets are large portions of both coasts and areas where major emplpoyers have shut their doors.

There are other areas in this country, such as large portions of the midwest, where real estate is still undervalued and still a good investment.

It is localized.
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  #13  
Old 03/06/07, 10:50 AM
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In Remembrance
 
Join Date: Sep 2006
Location: SW Mo.
Posts: 1,625
Quote:
Originally Posted by Donal
half open, half wooded, has a small 3-bedroom house and a huge post and beam barn. There's a spring, a small pond (of about 1/3 acre) and a stream that bisects the property. The open half is on a south-facing slope so it'll get plenty of sun. The wooded half was cut over probably 15 - 20 years ago so it has lots of small trees and brush.
//Rant ON//
Sounds to me as if this is a lifetime committment...Not just a McMansion with a 3 acre lawn or a half-million dollar condo as described in the links.

Yes, the real estate market for some homes is pretty rough right now for some. Neighbor has a $300K spec home he has sat on for almost 3 years now. The market he is in has 88 similar homes for sale. However if you have a moderatly priced place on 5 - 20 acres around here you will not even have to adverise it, just mention it a the local coffee shop and you will have people calling before you get home.

The people who are really hurting or soon will be are those that purchased on a 0 Down, Intrest only, mortgage and those who financed them. Now their house is less than they paid for it. They let the mortgage be foreclosed and the mortgage company is left holding the bag. Such as Countryside mortgage holding all those subprime loans where (What is it 9%) are defaulted on the first payment.

Then again all those subprime loans (including those made to illegal aliens) that default will probably be shifted to FannieMae and once again the taxpayers will be left holding the bag for someone else's profit.
//Rant Off//

Donal: Sounds like a great deal..Enjoy!!!
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