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 - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let�s make one more addition to our series on hydraulics. I�ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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