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| I thought ROI always covered Net income/year plus appreciation. Land I bought around 1994 for $1250/acre is now worth $11,000+/acre according to the tax lady. That's more than 3 doubles in 30years. That's a double every 10 years. The rule of 72 says that is a 7.2% rate of appreciation. Add that to your yearly net income and land looks a lot better, I will put the Classic disclaimer on: "Past results do not guarantee future performance." | |
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Crazy Land Auction
