Posted by MarkB_MI on December 04, 2012 at 15:32:45 from (75.219.168.215):
In Reply to: Re: In a Quandry. posted by mb58 on December 04, 2012 at 07:03:48:
mb58, your idea that holding land is good hedge against an "economic collapse" flies in the face of past history. During the two biggest financial crises of the past hundred years (1929 and 2008), anyone holding real estate saw the value of their assets drop to almost nothing. And folks fortunate to be holding cash were able to make a killing buying land dirt cheap and selling it later at a profit.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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