Sask I am missing "the" point? or a point that you are now making? Anyway you basically made the same point as I did except you used machinery as an example instead of land.
I agree that type of machinery lending is bad business. However in the inflationary nightmare some are predicting it won't matter cause tractors will be worth 3 million in ten years instead of 300k so who cares if you never make a payment in ten years your ten year old tractor will be worth a million bucks. Whats a 50,000 payment on a tractor when canola is $50 a bu?
I agree that type of machinery lending is bad business. However in the inflationary nightmare some are predicting it won't matter cause tractors will be worth 3 million in ten years instead of 300k so who cares if you never make a payment in ten years your ten year old tractor will be worth a million bucks. Whats a 50,000 payment on a tractor when canola is $50 a bu?
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