Land and house prices

[Hopperbin]

Interesting, whenever I bought land in the past I penciled in not making a profit on it for a few years. If not taking into account paying off the loan. When buying a house one must make a profit to buy the house. In 30 years with not much maintenance that house will be severely depreciated compared to building a new one. The land if eventually paid for will provide income for generations until someone borrows back against it and must sell it to pay off debt. I know people that in my parents age had 3 quarters of land rented out while they had good paying jobs. They are Now have extremely wealthy next eggs. That could probably have no problem buying out the 20 quarters I farm and I still have debt.