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    5-20. Buy early. - Electronic Edition

    5-20. Buy early. - Electronic Edition
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     In general, costs are rising. They must be, because Elaine’s parents paid $600 for the home she was raised in, which is worth more than $200,000 today. Therefore, if you can anticipate and buy what you need early, you can save in the long run.

     This applied very markedly to land that Elaine and I bought to build the Riverbottoms house. The land was going begging when we bought it at $27,000. But our local market began to saturate with housing, and open land took a jump in price. Two years later it was worth $55,000. Six years later, it had passed $100,000 in value. After ten years, it was over $350,000.

     This does not obviate the need to buy smart. Occasionally we see items like tools and construction supplies at a discounted price which are heavily undercut a year or two later. Know your purchase, shop around and buy smart.

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