Posted by Oldoaky on October 15, 2008 at 10:23:36 from (66.172.246.155):
In Reply to: OT land prices posted by MoMike on October 15, 2008 at 09:33:15:
You know I scratched my head when land sold for 300. then up to 1000. always have. now at 6000. i am just about bald. If you have the money or a large part of the price, you are probaby better off with it in land then a bank. To answer your question how can they make it pay, i really dont know. If it can be rented for 3-4 percent of the $6000. that would be 180.to 240. and acre less taxes of course, income per acre..If the interest rates go up to 6 percent then you are stuck(360. per acre rent.) I like my money in cd's. With $854,000. dollars I can get better interest rates then most of the smaller deposits of 10-20,000 dollar cds. Security is a big part of life now days.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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