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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (184037)	5/24/2014 1:25:39 PM
From: JimisJim	Read Replies (1) \| Respond to of 206150

OT: <Decided to add a bit more hardwood timber/surface acreage - some time this year - to diversify the local resource portfolio. > Ironically, the parcel of land I bought adjacent to our 2nd home in Mich. is nothing but 100-yr. old trees (2nd growth -- very little virgin timber anywhere in Mich. after it was almost completely logged out to build the railroads in the 19th century and rebuild Chicago after it burned to the ground) -- and that wooded acreage has been the most expensive to own in terms of property taxes and "maintenance". We can only use so much wood per year up there (the place is only used 4-5 months a year for now) and after a very large storm 3-4 years ago blew down entire stands of trees all over several counties in the area (we only lost one, but it clipped the corner of our roof) -- there is no demand for wood, even really nice 100-yr. old hardwoods. I had planned to sell a bit of timber per year to offset expenses there, but there's no market for it -- can't even give it away. I've been temporarily renting out the farmable acreage nearby and my cousin farms what I have in SW Ohio and splits the profits. And then after Debbie retires a year from now, we'll be selling the house here -- we don't owe anything on it and prices in our neighborhood are almost at record high levels again, so it will provide us with even more options on where we want to live and what we do in retirement.