Fears of US inflation has sent emerging
markets reeling. In just the last month my portfolio (you’ll
see in tomorrow’s message) is down 4.6% in a month.
This seems like a big drop at first glance. However, this
does not account part of our real estate holdings, which
we calculate as being worth $1 million + in our portfolio.
Recently a neighbor placed his smaller farm (with far less
construction on the land) on the market for 3.36 million,
an unheard of amount in this area. Merri and I are really
thankful for this farm!
What inflation takes, inflation gives back
in other ways….if you have a balanced portfolio! Stay
tuned for more about how to do this in upcoming messages.
Trey also sent some listings of property
for sale here near our farm here in Ashe County. What makes
the opportunity so special is that the market is most unsettled.
Similar properties often carry very different prices. Trey
recently showed two similar farms for sale. One was asking
$5,000 an acre, the other $15,000 an acre.
We love living here but it has created such
abundance as well, and we bought here bought with no thought
of making money.
Here are two listings from Trey that I consider
really well priced.
Priced to sell by motivated seller, this
2 bedroom 2 bath home is close to Jefferson. Recent additions
added spacious family space and storage. Extra rooms could
be used as bedrooms. Beautiful landscaped yard and airy porches
and decks to enjoy. This home is priced at only $62/sq. ft.,
and is a great home for families or seasonal residents. Large
variety of plants and shrubs around property. Many recent
upgrades, and the older wing of the home has been completely
refinished by current owners. Large bonus room in basement
with a hand laid ceramic mosaic floor. $124,000.
Or… Wonderful view of the river with
easy access in this two bedroom 1 bath home with a 3rd bedrooms
upstairs not counted due to low ceiling height. Close to
schools, bank, restaurant, and post office for $125,000.
You can reach Trey
Learn more about land in Ashe County.
Find out about fighting inflation by investing in emerging
currencies, gold, silver, Ecuador, import-export, overseas
markets and more. Join Merri, Thomas Fischer from Copenhagen
and Steve Marchant from Ecuador and me at our September
15-16-17, 2006 International Business and Investing Made
EZ course in North Carolina. Review where to invest and
do business now and learn which markets and currencies
may be strong in the year ahead. Learn more about Ecuador
import and export from Steve. Our May course was overbooked
and the September up date is coming along. Our free accommodations
are reserved on a first come first served basis so do not
delay! Go to http://www.garyascott.com/catalog/ibeznc.html.