JD,I will agree with you on the contract thing and money owed,but will disagree on several of your other points.During the farm thing of the1980s,a lot of banks and PCAs foreclosed or took money from peoples accounts for debts-loans that were not due yet or in arrears because the money was there and they were scared it might not be there when the payment was due forcing some into bankrupicy.As far as you saying,never seeing a property lose half its value,the farm where I live(own),from 1885 until 1932 or 3,it sold 4 times at prices From $67.00 to $2,000 Per Acre(two highs and two lows).
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