John A. said: (quoted from post at 22:20:09 07/30/13) Farmer Zeb, SECURITY! So that 50 acres can't be taken from you when a land owner dies and the Kids decide there is more $$$$$$$$ to be made by selling it, or siblings, Don't have to deal with each other anymore. In 15 yrs when the City grows out to you and that parcel is worth 10K/acre and you decide to sell and retire!
Don't be short sided here. As the other have said 3% is not shabby when you consider your Crabby Crappy Banker is only only paying .0075% on CDs over 100K place on Deposit for 5 yrs!!!!
++++++ Buy it and Be Secure in the Knowledge you Won't have a 50 acre Trailer Park and all the Headaches that come with it, where you used to grow Corn!!!
BUY IT!!!!! NOW!
Later,
John A
Big brother can just as easily pull eminent domain on it... Give you half of what it is worth, no recourse.
Times get bad, Low grain prices, No rent income, No tax money... How quickly will you realize that you don't really own it.
This post was edited by RGMartin at 05:57:20 07/31/13.
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Today's Featured Article - A Belt Pulley? Really Doing Something? - by Chris Pratt. Belt Pulleys! Most of us conjure up a picture of a massive thresher with a wide belt lazily arching to a tractor 35 feet away throwing a cloud of dust, straw and grain, and while nostalgic, not too practical a method of using our tractors. While this may have been the bread and butter of the belt work in the past (since this is what made the money on many farms), the smaller tasks may have been and still can be its real claim to fame. The thresher would bring in the harvest (and income) once a y
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