Amherst WI | Reality speaks - 12/3/2024 09:13
There is just nothing like burning equity for a landlord. I have seen so many do it over the years.
When the landlord finally passes the Kids/wife many times just sell to the highest bidder and over paying all those years on rent got you nothing but poorer financial results vs not having rented it.
Farmers are eternal optimists, "next year" will be better. "Next year" we are going to X to make this farm work. Pretty soon a half dozen years have gone by and whatever they are trying to do still isn't working, they give up to the next guy who will do it the "right way" and get it figured out. Next guy ends up with the same conclusion, rinse and repeat....
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Things must not be to bad........
