Posted by NY 986 on January 07, 2015 at 13:41:02 from (174.236.33.134):
In Reply to: Re: Buying Land posted by paul on January 07, 2015 at 13:30:21:
I think land prices will soften over time. There will not be the collapse like the 1980's. The Western governments will have to get serious about their deficits and that will soak up a lot of the discretionary money out there. The neighbor used to think that would be solved by taxing the daylights out of the people in the trailer parks and welfare apartments but those people while having money for booze and cigarettes are not going to put a dent in the federal debt. Also, more areas of the world are on line to produce bulk commodities such as corn and wheat versus what there were in the 1980's. A few good crops in a row over most of the world means a prolonged slump in commodity prices. I think the government will be writing checks off its newest farm bill sooner than it thinks.
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