I have no idea if this is true or not and I don't trust Snopes any more than I do any of the media. But I do know that a $250K gain on a home is not that far fetched and on a small farm is likely. In the 1960's a person in my area could buy a moderate sized house and 5 acres for $15k. Today if the house was maintained it could sell for $265K. Add in a few improvements like landscaping and it can go much higher. How many people keep up with what they spend on that?
A 200 acre farm could show a gain of over 1/2 million. A million dollar farm will just barely provide a living for 1 family. This is money that these people had counted on as retirement because they didn't want to depend on social security.
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Today's Featured Article - Gettin My Old Tractor Home - by Clayton Sweeney. My name is Clayton Sweeney. I am from Southern Maryland in a small town called Lothian. I am 20 and my father and I are the proud owner of a 1954 Allis Chalmers WD-45. When I was 18, I dated a girl in the next county over. Her family are tobacco farmers. It was a cold Thanksgiving evening, and we were going up to her Grandparents house. As we passed one of their barns, I noticed something orange in the corner of my eye in this old shed. It was pretty dark and I asked what it was
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