Re: OT young guy's rant

Posted by JMS/MN on December 31, 2005 at 18:48:48 from (204.73.106.15):

In Reply to: Re: OT young guy's rant posted by JMS/MN on December 31, 2005 at 18:41:42:

One other point about land prices, compared to the 80s. Back then lenders were more eager to finance on collaterall, optimism, etc. They were greedy, and lost their butts, including Federal Land Bank, etc. Now, local prices are higher, fueled by 1031 exchanges, etc., but lenders are more reluctant to stick their necks out, so I don't expect a land crash like we witnessed in the late 80s, even though land prices tend to be cyclical. Every generation has a different mix of inputs.

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