Hunting/Fishing Second Home

[SteveCNJ]

For you young guys if that comes to fruition there will be deals to be had. There will also be 20 years of appreciation between now and then.

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[Newtosavage]

Some, I'm sure, but I think we're at the beginning of a flat spot in land/property prices. Land was static for about 20 years and then when the stock market finally slowed down in the early/mid 90's, land prices went through the roof. Since the market picked back up, land has stabilized and even gone down. Not sure when we'll see the next spike.

I could be way off base, but the baby boomer generation drove the economy for so long. Now that they are aging out, I think we're in for a long period of uncertainty.

 

[flyfishaz]

I live in Gilbert, AZ but have a cabin in a small stretch of private land in AZ Game unit 23, surrounded by National Forest. I can be at my cabin in 1 hour and 45 minutes. It is awesome. Some mornings I've woken up to see 10-15 elk bedded in the yard of my cabin. I drew a rifle tag in this unit. LIFE IS GOOD!!

 

[Sportsman]

I agree on both counts (about eastern hunting becoming boring and about the price of small homes in the west). Baby boomers are still spending on retirement homes and will be for a while yet, and that's driving prices up. But that has to slow down soon, and as the early boomers age out and millennials have no clue what to do with property in the country, I'm counting on things to open up eventually.

I have to believe there is going to be a huge sucking sound around property values as baby boomers start passing away and entering assisted living facilities. Their kids aren't going to have enough knowledge and/or money to care for those properties. I think 20 years from now is going to be a very interesting time in the real estate market.

Your generational math is off. My parents were boomers. My kids are young end of millenials. Doubt many boomers have kids who are Millenials. No one talks about Gen X anymore because we're just boring middle aged hard working Americans. Bet my kids generation will be as well when they are middle aged.

In 20 years, I'll be retired looking for property and if I was fortunately enough for my family to have land out West I guarantee I'd know what to do with it. Thankfully I was blessed with a dad who taught me to hunt, shoot, and fish from a young age. He's never killed an Elk and never will but he lives vicariously through my Western hunts now.

Now, I hope you are right about land going down. Do spend time dreaming on land watch every once in a while.

 

[Newtosavage]

Sportsman, we have a lot in common except my parents were pre-boomers.

I have no doubt my math is off. I'm sure that's why I'm not a wealthy man. LOL Money has never been that important to me so long as I had enough to pay the bills and have enough left over to have a beer and the occasional dinner at a restaurant with my wife.

But you're absolutely right about one thing. Our generation (Gen X) is pretty damn boring. Just ask my kids.