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Senior Advisor
Posts: 9,317
Registered: ‎05-10-2010

Re: Farmland Ceiling Raised…Again/Faust

Aw mike, I think our guy has to recalculate his net worth on a daily basis to get that feel good feeling of his own self importance.Whether land is $10K or $15K doesn't mean much if you don't sell.  Those of us that had the good fortune to buy land during the mid 80's just after land did a dynamic price correction should be more impressed with our good luck than dazzled with our brilliance.

 

There was nothing to keep land that had declined from $3200 to $900 from declining to $500. All we needed was the assurance that we could pay for that $900 land one way of another. No I've got enough humble in me to know that $900 land that is worth $10k today might be $5K in a year or so and it will be the same "brilliant" guy that bought it cheap that didn't sell it today

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