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Kramer Land Auction Yesterday

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    #21
    The land at Cando sold for 2.3x and the stuff at maymont sold for just over 2.5x. Not the best land in sask but it was all assessed between 85-110k. This was a pretty soft sale. No investors or hutterites.

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      #22
      ado,

      The QE money must go somewhere. Simple. Which is the whole purpose for money at 0 percent interest.

      How many global nations can afford to raise interest rates and still remain solvent?

      China has manufactured a niche... and is a hybrid economy... who makes up the ground rules as they go... with a massive population to be exploited by its gov. No surprise it is doing OK considering where it has come from... and those folks are smart plus tend to work productively coming from roots of poverty and being starved!

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        #23
        Freewheat isnt wrong but.... In 81 we had $1000. 91 $500.
        Everything else will be awful for it to fall in half again. But of course anything is possible especially with time.
        Looking at the differences.
        1. Buying power or size of purchasing entity related to the purchased piece. This will always drive $/ ac. Unless communism rules. Or every buyer follows the same playbook.
        2. So far we have an ever increasing fluidity in the world of capital, ideas, and people. Technology steadily gets cheaper. As long as the rest of the world needs food and has money or guns you will not be an island.
        I wont make predictions. But for values to fall in half in our lifetimes a mountain of equity/cash has to vanish. For most of the world.

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          #24
          The notion that interest rates can't go up because there in too much debt is laughable. They should go up because of too much debt. In 1980 the economy was weak as well and interest rates went up anyways to head off hyper inflation. Actually the main difference between today and 1980 is an aging population that is naturally deflationary. Demand is weak and getting weaker. That is what will drive real estate values lower over the next 30 yrs.

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            #25
            Klause, I'll take that $55k savings from $275K down to $220K when I buy 4 quarters and buy another for $220K. Not substantial???

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