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#5616504 - 02/23/15 07:52 PM Market correction
Cleric Offline
Veteran Tracker

Registered: 03/11/12
Posts: 2653
So I have been hearing from people for two years that a market correction is coming...ie price of land is going to drop. What's interesting is that I have heard it from multiple independent people.



Two questions
1 do you think a correction is coming?
2 how much of a correction of you thing? 10%, 20%, etc

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#5616684 - 02/23/15 08:56 PM Re: Market correction [Re: Cleric]
aeb Offline
THF Celebrity

Registered: 06/06/10
Posts: 16196
Loc: West Texas
Location, location, location.
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#5616821 - 02/23/15 10:07 PM Re: Market correction [Re: Cleric]
KCH Online   content
Bird Dog

Registered: 11/23/10
Posts: 329
Loc: Frisco, TX
Originally Posted By: Cleric
So I have been hearing from people for two years that a market correction is coming...ie price of land is going to drop. What's interesting is that I have heard it from multiple independent people.



Two questions
1 do you think a correction is coming?
2 how much of a correction of you thing? 10%, 20%, etc

The falling crude oil price might bring some lower prices in area's that ran up because of the oil boom...

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#5617004 - 02/24/15 06:51 AM Re: Market correction [Re: Cleric]
DQ Kid Offline
Extreme Tracker

Registered: 02/20/12
Posts: 4214
Loc: Flower Mound, TX
I personally wouldn't bet the farm on this one...You may see an avg. $25-$100 acre drop statewide at some point but not thinking you'll see much more than that if that. Still lots of demand out there relative to the supply...

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#5617185 - 02/24/15 08:37 AM Re: Market correction [Re: Cleric]
tlk Offline
Veteran Tracker

Registered: 07/25/13
Posts: 2100
south texas? no way. Way less property available now due to oil and ranch owners shutting down hunting because they do not need the income. In addition ones who do still lease have trucks running all over their ranches - so the amount of available property to hunt in ST is shrinking.
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#5617264 - 02/24/15 08:55 AM Re: Market correction [Re: Cleric]
don k Offline
THF Trophy Hunter

Registered: 08/27/08
Posts: 9606
Loc: Bandera, Tx
Everything has cycles. The market, cattle prices, land prices etc. The only time you loose is if you either get in at the wrong time or sell at the wrong time.
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#5617327 - 02/24/15 09:23 AM Re: Market correction [Re: Cleric]
stxranchman Offline
Obie Juan Kenobi

Registered: 08/04/10
Posts: 52092
They are not making anymore land. But what they are making are smaller places out of larger places. That will keep prices up.
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#5617409 - 02/24/15 10:15 AM Re: Market correction [Re: Cleric]
Erathkid Offline
THF Celebrity

Registered: 01/19/11
Posts: 14727
Loc: Dollas,Taxes Bluff Dale Tx
See above.
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#5617479 - 02/24/15 10:49 AM Re: Market correction [Re: Erathkid]
bigdavehunting Offline


Registered: 01/30/09
Posts: 1396
Loc: Abilene Tx
Some places might not get leased, but price come down DOUBTFUL. Have you ever seen deer leases across the lands drop in price.
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#5617493 - 02/24/15 10:58 AM Re: Market correction [Re: stxranchman]
aeb Offline
THF Celebrity

Registered: 06/06/10
Posts: 16196
Loc: West Texas
Originally Posted By: stxranchman
They are not making anymore land. But what they are making are smaller places out of larger places. That will keep prices up.


Happening all around me. bang Some as small as 20 acres. At first it was DFW money. Now Midland/Odessa money is competing for small tracts and/or dividing up larger ones. Absolutely want no cattle on their "ranches" and building $100,000+ barndominiums.
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#5617923 - 02/24/15 03:06 PM Re: Market correction [Re: Cleric]
bp3 Online   content
Tracker

Registered: 08/06/11
Posts: 911
Might be a out house now with the money from that area. peep

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#5619014 - 02/24/15 10:00 PM Re: Market correction [Re: bp3]
therancher Offline
THF Trophy Hunter

Registered: 07/09/13
Posts: 5615
Loc: Mountain Home, Uvalde, and Big...
First, there will always be corrections. So, your "friends" were "right" in that respect. However, no way they could have predicted the oil price downturn. That was initiated by a Saudi glut.

The land price downturn might not even happen now, or soon. Who knows?

IMO this will be nowhere near the correction of '08-'09. One of the reasons is that most of the big money buyers are still making money behind the bit. And even though that is not as much as it was, it's still a chit ton.
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#5619138 - 02/24/15 11:35 PM Re: Market correction [Re: Cleric]
beaversnipe Offline
THF Celebrity

Registered: 01/17/10
Posts: 15082
Loc: Terlingua,TX
Land will remain strong since more people have cash due to the dow being at all time high.

If dow goes down 10%, investors will put even more money in land.
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#5620297 - 02/25/15 03:41 PM Re: Market correction [Re: Cleric]
Carlos B Offline
Outdoorsman

Registered: 11/07/14
Posts: 61
I sure hope so land prices drop a bit around me. I've been wanting to get a piece of land close to me but they run from $15k/acre and up.

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#5658931 - 03/19/15 03:21 PM Re: Market correction [Re: Cleric]
Texmel Offline
Bird Dog

Registered: 09/13/11
Posts: 334
Loc: Melissa, TX
If your trying to time the "Correction" good luck. Feds just gave the market a breather. Once employment is up Interest Rates will go up and Stock Market will go down. Just sign up for the "long haul" and weather the ride. Let's just hope that we will not get another Dubya guy in the White House who lets the sub-prime boys run the economy. BTW, Texas GOP is now working to restrict Local City Ordnances. Given the Texan's always blasting the Feds for regulatory overreaching. There is no shame in Austin!!


Edited by Texmel (03/19/15 03:22 PM)
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