Posted by NY 986 on March 07, 2016 at 06:44:56 from (97.47.22.206):
In Reply to: Trying times ahead!!! posted by JD Seller on March 06, 2016 at 20:11:22:
There are still plenty of guys saying that it is different this time. Lots of them bristle at the notion that land prices may fall. I think it is inevitable though it may not crash like they did in the 1980's. If things get tight and they will the taxes on 10, 15, or 20 thousand dollar per acre land will become unbearable for quite a few. The net effect will be that a producer will have so much money available to pay a certain amount of taxes with anything beyond that pushed on the market to avoid a tax sale scenario. If land is selling currently for 10 thousand in your area the sharks and vultures will be looking to make their buys at considerably under that and are disciplined to wait for "their" price even if a parcel changes hands more than once in the interim.
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