Subdividing & selling worthless land

Have you guys seen those folks on Ebay who are subdividing & selling worthless land? Say you buy 1000 acres for $100 an acre in far Southwest or West Texas, where there is nothing but tumbleweeds, rocks and dirt…and maybe a rare hint of grass…and some guys are taking that land, and selling it for $200-$300 an acre on Ebay in 5-10 acre “ranchland” tracts! Crazy, eh? I guess it’s like selling Florida swampland - there is a sucker everywhere

Seems deceptive and I wouldn’t feel to great about it. I definitely wouldn’t do that myself.

well it’s worthless today, but 10 or 20 years from now, when the population is like 600 million - they’ll probably be cities there!!!

shut up! i bought 50 acres!!!

;D

:-\

:stuck_out_tongue:

:o

That type of thing has been going on since they invented land.

I recently purchased a residential lot from a lady who had never seen it. Her mother (who had also never seen the property) bought it at a state fair in Kansas circa 1950. The property is in Texas.

Have you ever seen it? LOL

Is it actually a decent lot?

I’ve seen it and sold it to someone who can actually use it.

It depends on what you call decent. :wink:

You should check out the huge land auctions that roll into large metro cities once a year. Before I went to one in San Diego, I was checking out the parcel numbers to find out how much the auction house had bought the land for (access through my title rep). I was amazed to watch people bid up the price of $4k lots up over $20k, of course they offered financing at “reasonable rates”. One parcel in the desert went for $90k :shocked.
Of course, I was not one of the lucky winners that day. Like someone said earlier, the sell of useless land goes back a long way.
Side note: check out the gold mining rights for sale on ebay. Dust of your gold panning tin. I wouldn’t be suprised to see Eric Estrada dressed up like a 49er pitching mining rights early Saturday morning.

thanks

we also bought off ebay… kind of for the heck of it
one parcel we pd $425 for & someone else approached us & bought it for $900 about 18 mo later (beats a savings account! :biggrin)

& another 20 acres we bought in NE AZ we figured was next to nothing is actually 1 mile from a small community & 15 miles south of a town that will be exploding soon & the reason I know it will explode is cuz my son & son-in-law who are surveyors will be subdidviding for a big developer… so we’ll just hold onto are little piece of dirt :slight_smile:
but I personally have issues with selling it on ebay unless I have real pics & real details

by the way if anyone knows of a 3/2 double wide for sale (newer than 1998) within 400 miles of Prescott please email me as we are buying

fixer uppers are fine cheap is great!