Posted by Spook on December 18, 2012 at 04:41:53 from (99.18.28.105):
In Reply to: Re: Farm land bubble posted by JD Seller on December 17, 2012 at 22:55:02:
But how much is on credit? The housing bubble was driven by easy credit, no doc & flat out liar loans. Everything I read about farm land prices say that it mostly cash buyers. Or very well established buyers. My thinking, is that bubbles are credit bubbles.
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