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Wednesday, January 27, 2010

Green Acres Is The Place To Be!

Click here to read the full article from the Wall Street Journal

History shows economic downturns or disasters such as the Sept. 11 terrorist attacks frequently trigger a short-lived appetite for escape, and that those approaching retirement often crave more-remote properties. If baby boomers follow typical migration patterns, the rural population age 55-85 will increase by 30% between 2010 and 2020, according to the U.S. Department of Agriculture's Economic Research Service.

But other factors, such as widespread Internet access, are giving this current ruralpolitan trend new longevity, particularly among younger generations. Enhanced renewable-energy options and associated tax credits mean homes can be more affordably powered by the sun or wind in areas where utility companies won't service cheaply.

Younger buyers, such as Jesse Ptacek, 27, have time to reap payback from such investments. For the past few years, Mr. Ptacek has watched the U.S. economy flounder from Kuwait, where he's a firefighter for a U.S. Department of Defense contractor. Knowing he will likely face bleak job prospects upon his return home in January, he recently bought 62 acres of land in Montana.

His new spread, for which he paid $225,000, includes a 2,100-square-foot, three-bedroom log home situated well off the grid. Its main heat source is a wood stove, there's bear, moose and pheasant hunting nearby, and Mr. Ptacek is erecting solar panels for electricity. He expects to commute up to 60 miles for work, likely in Great Falls or Helena. "I've done the stock-market thing, and I lost money like everyone else," says the unmarried Mr. Ptacek, whose grew up in Rochester, Minn., population 100,845. "And I started to think about things, what's real, what's not real.

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