Guys this has been going on for more than a few decades. Seen it with my wife's extended family and others back in the 70's. Heard old timers talking about this happening long before that.
Part of this problem years ago in the so called "good ole days" was because farm kids were working hard at a young age. Get up, do chores, go to school, do homework if there was no field work, do chores and off to bed. Heck of a lot of those kids dreamed on an 8-5 job in the city with evenings and weekends off. So right after graduation they were gone. Few short years later when dad passed they sold the place because they had no close connection to it.
Now here is where most of us unwashed non investing folks get messed up. If the seller takes the money and invests in the markets they stand to earn far more money than they will ever get renting a piece of ground out. Are there folks out there that take the money and blow it. New car/truck/boat/vacation ECT? Sure. Most likely most. But those wise enough to invest stand to take 100,000, 200,000 or more and do pretty good with it. According to a local real estate guy our property is worth about 1 million as recreational land. Now I'm 63, that's a lot more than I could make in my lifetime renting it. Wisely invested that one million would pay more per year than rent too. I ain't worried about the money. I let my nephew farm the tillable land for free.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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