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Jonfarmer
01-12-2007 14:02:01
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Re: Anyone selling anything these days? in reply to dej(JED), 01-12-2007 10:43:35
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Yep, people have been scrounging around here more than usual over the last year or so. I live in a rural, one that has alot of dairy industy, but since the price of milk has been down for awhile and the input costs are always climbing, it has created a domino effect of sorts with other Agri buisnesses, so there isn't too much money floating around here right now. Lots of homes for sale, that trend started last fall, I think it is folks that were hoping to sell out while real estate was at it's peak since there has been talk of real estate prices going down in the near future and then I think they are hoping to be able to rebuy when the prices go down some, but I kinda doubt the prices are going to go down much, after all, how can it when they stopped making land years ago, but they say for what the average home sells for now would require an $80,000 a year income to pay the payments, so thats making home ownership for many an impossible reality. Whats making the prices so high?, because there are some folks thats got the money, and there just happened to be enough of them to drive the prices out of sight. Theres quite a few baby boomers who own 2 homes for summer and winter get aways, but I have read about some having 3-4 homes, and expensive ones at that. Doctors and lawyers for example can make over $200,000 a year and theres some highy successful entrepeneurs that have made billions in their lifetimes, last I looked, bill Gates III was worth 60 billion dollars, and I heard he is now thinking about retiring, but he is far from the only billionaire out there, and countless millionaires. Dad tells me you could buy a brand new GMC pickup with all the bells and whistles sold for $2,200 way back when he was young, but now they cost $35,000-50,000 for one of those. I find myself wondering how much money it is going to take to retire in 40yrs?. I personally know the job market is tough tough tough.
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