Posted by Oldoaky on October 15, 2008 at 10:23:36 from (66.172.246.155):
In Reply to: OT land prices posted by MoMike on October 15, 2008 at 09:33:15:
You know I scratched my head when land sold for 300. then up to 1000. always have. now at 6000. i am just about bald. If you have the money or a large part of the price, you are probaby better off with it in land then a bank. To answer your question how can they make it pay, i really dont know. If it can be rented for 3-4 percent of the $6000. that would be 180.to 240. and acre less taxes of course, income per acre..If the interest rates go up to 6 percent then you are stuck(360. per acre rent.) I like my money in cd's. With $854,000. dollars I can get better interest rates then most of the smaller deposits of 10-20,000 dollar cds. Security is a big part of life now days.
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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