Posted by noncompos on March 01, 2008 at 08:15:38 from (65.102.20.70):
In Reply to: Real estate. posted by Spook on February 29, 2008 at 17:12:40:
jdemaris"s post is a perfect example of how one segment of the real estate market (bubble residential and the land purchased for bubble residential development) can tank while another segment (productive farm land) can still be going up. The worries about a slump, and whether the gov"t decides to inflate it"s way out, may well be driving people with cash or presently liquid investments to turn to productive land as the safest hedge they see.
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