I've lived through much worse economic times than these. I remember 18 percent, or more, interest on about any loan. You could only buy a house on a contract for deed. Could not sell a house either, no one could get a loan to buy it! No one would lend mortgage money at all. Home values dropped by half in a few years. Land values dropped by two thirds. Gas prices at least tripled. I remember gas station lines that were blocks long. Gas purchases being limited to 10 gallons, if you made it to the pumps before they ran out. Bread and milk tripling in cost in 18 months or so. Rampant inflation all around. Layoffs by the hundreds of thousands. Long lists of personal bankruptcies in every days newspaper. This economy is GREAT compared to those days!
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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