i agree with Pat T. We are headed for a depression that only our great grandparents and grandparents went thru. I think it could be the "perfect storm". Feds cut intrist again from 5.25 to 5 flat. that is the rate banks lend money to each other and affect everything from credit cards to mortages. this may seam good as one can buy more house, but when the bubble pops and it already has in some states millions of home owners will be even more over extended as the house drops in value and equity is evaporiated..... I would just like to see things tighten up a bit and make it a wee bit harder to get credit as taking on risky credit is just that risky, then we all lose money in two ways....the market and equity in our homes. In my aera country homes are holding steady mabey a wee bit lower as buyers offer less as there the only one abiddin. If seen farms sit on the market for oner a year now and theres lots of buldings and the asking price in my opinion are very reasonable. I paid 244k for my home and it is now worth around 310k but in todays market I would be lucky to get 285k. The appraisers are not always spot on. but one thing is for shure, the country market is on its own curve as there is only so much of it avalable and it is getting to be less of ot as towns spred out. one nice thing about high fuel prices is it slows urban sprawl. I know 6 familys that moved closer to there work and there leaving small towns to be closer to the big town they live in. Homess out in the country seam to be the exception to this as there isent a ton of homes in the country for sale but go to small towns and its a buyers market. Is this because the weak dollar???? I think its because people dont wanna spend 30+ bucks a day to drive back and forth to work, its even more like 50 or more if you have a truck ypu need for work. I know my Moms construction co. is spending lots of its profits on fuel. The high price of fuel is hurting the small bussiness owner who needs large trucks to do bussiness and simply cannot go without the trucks. Somthing is going to have to give......
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Today's Featured Article - Identifying Tractor Noises - by Curtis Von Fange. Listening To Your Tractor : Part 3 - In this series we are continuing to learn the fine art of listening to our tractor in hopes of keeping it running longer. One particularly important facet is to hear and identify the particular noises that our
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