Posted by NY 986 on March 22, 2021 at 06:32:09 from (67.249.255.74):
In Reply to: Land Prices posted by Traditional Farmer on March 22, 2021 at 04:38:49:
When I hear prices like that I have to pinch myself to make sure I am not dreaming. I'd like to know where all the money is coming from. Even if most is financed it still has to be paid for. It sure is not the couple just starting out who are making 50-60,000 dollars per year. When there is a real correction in real estate prices there is going to be a lot of misery or a lot of anguish depending how the problem is solved. I see massive problems ahead when people with lots of money but very little discipline go on a spree. Works good for a while and all are happy but then some event happens then everybody's world gets turned upside down. This is more than just typical inflation/ appreciation but then I don't work for the government so what do I know.
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