Re: Buying Farmground

Posted by Can't even use my name on September 14, 2004 at 07:38:24 from (216.241.135.234):

In Reply to: Re: Buying Farmground posted by John (MO) on September 14, 2004 at 07:26:15:

It may go up next year but when the interest rates take a good hike then what? Someone with a substantial mortgage on land now can't afford the interest and has to sell of foreclose, then you will see land come down fast! Don't think it won't happen, remember the 80's? We bought land then for what seemed like too much ($300-$500 an acre!) but now it is "worth" $3000-$5000. It will fall again.

Follow Ups:

• Re: Buying Farmground John (MO) 09:43:28 09/14/04 (1)
  • Re: Buying Farmground Can't even use my name 16:17:53 09/14/04 (0)
• Re: Buying Farmground Mike (WA) 08:11:56 09/14/04 (2)
  • Re: Buying Farmground Can't even use my name 16:23:41 09/14/04 (1)
    • Re: Buying Farmground Old Pokey 18:53:44 09/14/04 (0)

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