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 - Harvestin Corn in Southern Wisconsin: The Early Years - by Pat Browning. In this area of Wisconsin, most crops are raised to support livestock production or dairy herds in various forms. Corn products were harvested for grain, and for ensilage (we always just called it 'silage'). Silo Filling Time On dairy farms back in the 30's and into the first half of the 40's, making of corn silage was done with horses pulling a corn binder producing tied bundles of fresh, sweet-smelling corn plants, nice green leaves with ear; the
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