USA | jd8850 - 1/28/2024 18:25
Not ALL the people buying land are behind the 8 ball.
Some are paying cash.
Some put a lot down
Most all buyers have other land that is paid for.
And seems absurd to say land will drop 2/3. I disagree on that.
Currently higher ROI with cash than buying ground in this part of ILL. $ 15- $20,000 acre x 5% =$750 $1000 acre + $40 acre re tax = $790- $1040 acre . At 4- $500 cash rent = behind the eight ball.
Land price lost 2/3 of it's value when it bottomed in 1939. Lost 2/3 of it's value 50 years later when it bottomed in 1989.
The 50 year land cycle bottom is due again around 2039. Anybody that doesn't believe land can drop by 2/3 from it's peak in 15 years or so is going to get a costly education if they haven't positioned themself for the downhill slide.
Edited by coup 1/28/2024 22:32
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How does buying land get me ahead in my environment
