Homes, while not that high here, have fallowed a trend like that here money wise. They never were that much so a 20k price jump over the last 3 years then a 30k drop the last year has made the percentages look worse.
2 to 5 acre building lots are flat out not selling now. Any lots close to town were snatched up the last 3 years now the ones out in the sticks no one wants because they are scared of the price of gas. (Not going to buy a MccRanch spread if they can"t drive a Suburban 30 miles to work.)
I have been looking for production land to slide a little this winter but they have not. Seen a cattle farm with bad fences, few bins, pole barn shop, and harvestore silo sell for $2000/acre the other day. The only big land that has droped here is timber. Logs ain"t worth much and the city punks who need 200 acres to deer hunt and drink beer on don"t have the funds these days to bid the ground up.
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Today's Featured Article - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let�s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
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