Re: Can Somebody Explain this to me?.

Posted by O on September 09, 2006 at 11:44:30 from (4.156.249.161):

In Reply to: Re: Can Somebody Explain this to me?. posted by Nebraska Cowman on September 09, 2006 at 11:13:33:

WOW!, I was wondering if they were building a house of cards. One fellow told me that they were buying land that they would never get paid off in a lifetime of farming, but they looked at it as if they bought a piece of land for $1 million and paid off $500,000 on it in their lifetime of farming, then if they sold the land for the $1 million, they would be worth $500,000, but we both know that the price of land will most likely be even higher in the future, but if it isn't and the price of land drops, then they would be worth nothing. Sounds like they will most likely work like a dog all their life and end up with no retirement then?, and they can't get out of it now without oweing millions right now.

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