I did not say that property NEVER loses half its market value - from one time to another. But true market value is established by trends over time - not high points in a bubble.
This is my quote from the other post . . . - "I always buy "distressed" foreclosed and bank-owned homes. I then fix them up myself and if something goes wrong - I can sell. I've yet to see any drop in half in value during any economic times."
Note I'm talking about buying low to start with and NEVER buying prime properties, especially at high-price market times. And I stand by my statement. None I've bought like this have dropped severly in value at any economic time.
As to your comments about 80s farm loans? It has nothing to do with bank-financed home mortgages.
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Today's Featured Article - Memories of an IH Super A When I was ? up to 10, I worked on my Papaw's farm in Greeneville, TN every summer. As I grew older (7), it was the thrill of my day to ride or drive on the tractor. My Papaw had a 1954 IH Super A that he bought to replace a Cub. My Papaw raised "baccer" (tobacco) and corn with the Super A, but the fondest memory was of the sawmill. He owned a small sawmill for sawing "baccer" sticks. The Super A was the powerplant. When I was old enough (7 or 8), I would get up early and be dressed to
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