The government and the Federal Reserve bank are in cahootz pertaining to todays low interest rates. They are only trying to help business's expand, or keep the rest of the country from going under due to high borrowing cost. But I think too many people are taking advantage of this to no good end. Sometime in the future the interest rate will have to go up, and this will slow investment in land. In turn driving the price down. Then the big land investors will slowly go broke. Back in the late seventies and early to mid eighties the interest rates were sky high. I remember credit card interest being as high as 20%, and ag notes at around 15%. I bought our place in 87 with 10.25% interest rate. Shortly after that interest rates started to fall, and I kept refinancing for lower rates. Just think what would happen if/when interest rate climb to those numbers.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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