I had to borrow some put about 40% down but could have sold out anytime with a profit.Times have changed real estate is dropping again in value as unemployment is high plus a load of foreclosures coming on the market will continue to drive the market down I know plenty of couples that owe 30% to 40% more than they could sell for,if one of them looses their job they'll loose it all.Plus energy is headed up so that'll drive the price on everything else down as most people have to buy gas/diesel and heat their homes not to mention food prices and most people will want to eat rather than buy real estate.There is a farm next to me for sale I could buy it if I wanted so far they've halfed the price and will have to halve it again for me to even think seriously about it,back in 07 they could have sold it easily for the original asking price.
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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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