Friday, November 4, 2016

Missed land deal

In Armstrong County, Texas, about 25 miles southeast of Amarillo. My wife grew up in the Panhandle, east of Amarillo. The land out there is great – rolling hills, grass in springtime, lots of red dirt, Palo Duro Canyon.

The land I missed out on is a bit more than 12,000 acres. Deer, stock tanks, fences, windmills. And a big thing – three miles of Prairie Dog Fork of the Red River runs through the center of the place.

Yep. Missed out.

The place sold for $8.2 million. I would have been a little more than short on available cash, and I’m not sure how much a bank would loan on income derived from Army retirement and Social Security.

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