Beginning at high noon on April 22, 1889, 50,000 people stampeded into the new Oklahoma territories in an attempt to stake their claim to Oklahoma land. These people rushed into the new territories on horseback, in covered wagons and on foot. More than 120 years later, people are still rushing to buy Oklahoma land, except that today they are arriving by automobile or airplane or via the Internet.
The southeast portion of the state is forested, with beautiful rolling hills, streams and ponds. This part of the state offers the cheapest prices in the entire United States for this type of property. Southeast Oklahoma has cheap land prices, strong market demand and almost non-existent building or subdivision regulations. This combination is the perfect environment for a strong free enterprise economy.
The term “cheap land” refers to the combined price, terms, and qualification process, as opposed to the price alone. For instance, a 20-acre parcel costing $49,995, with just $495 down and $495 per month, with guaranteed seller financing and no credit checks, is cheaper than a five-acre lot costing $20,000, with terms of $5,000 down and requiring a thorough credit check. Furthermore, 20-acre tracts for $49,995 are priced at $2,500 per acre while five-acre lots for $20,000 are priced at $4,000 per acre. Since the Pilgrims landed in 1620 and Americans began migrating west land dealers have made fortunes buying larger tracts of land per acre and selling smaller tracts per lot!There is more to consider in buying cheap rural land, however, than the price itself. While the price is of paramount importance, developmental and subdivision regulations are also major concerns. Oklahoma has one of the most lenient building codes and subdivision regulations of any state in the Union. Unlike state and county bureaucrats in many states, the governmental officials in Oklahoma present very few regulations or obstructive policies for someone who wants to buy land and build a residence or later subdivide their land. The outlying counties welcome new residents, and the bureaucrats don’t discourage people who might want to live “off the grid.” How refreshing, compared to many other states today! Investment opportunities in Oklahoma land certainly shouldn’t be overlooked.
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