I did not say that property NEVER loses half its market value - from one time to another. But true market value is established by trends over time - not high points in a bubble.
This is my quote from the other post . . . - "I always buy "distressed" foreclosed and bank-owned homes. I then fix them up myself and if something goes wrong - I can sell. I've yet to see any drop in half in value during any economic times."
Note I'm talking about buying low to start with and NEVER buying prime properties, especially at high-price market times. And I stand by my statement. None I've bought like this have dropped severly in value at any economic time.
As to your comments about 80s farm loans? It has nothing to do with bank-financed home mortgages.
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Today's Featured Article - Tuning-Up Your Tractor: Plugs & Compression Testing - by Curtis Von Fange. The engine seems to run rough. In the exhaust you can hear an occasion 'poofing' sound like somethings not firing on all cylinders. Under loaded conditions the tractor seems to lack power and it belches black smoke out of the exhaust. For some reason it just doesn't want to start up without cranking and cranking the starter. All these conditions can be signals that your unit is in need of a tune up. Ok, so what is involved in a tune up? You say, swap plugs and file the points....now tha
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