Why when neighbors sell do they need cash from locals within days but give a foreigner years!

[SASKFARMER3]

Wanted two out of the 9 last spring. We have
seen it before. Rumor is rent is 75 has just been
paid for 8quarters by our main farm.
I do agree if a quarter you wanted or two comes
up buy that. Waiting is tough, but the writing is on
the wall for these land groups.

[bgmb]

I would be paying the 75 rent before 2000 purchase. You don`t have to sit, rent instead of buy, be the land companies friend saskfarmer then you will be first in line when the time comes.

Or I could be totally wrong and land will double again !!

[mbratrud]

bgmb

I have always been a believer in Buy vs Rent, but youre right the tables have turned 4% on $2000 is $80 with no risk of being a victom of Land Bubble.

So I have changed my tune as of late to if I can rent land for 4% of the value it is far less risky than putting up half my farm as security to lock in historicly high land prices.

Time will tell what is right, and it's different if you have no debt and can pay cash for land. If you have to go to the bank and borrow every penny, renting is looking better all the time.

[TOM4CWB]

bg;


If the feds keep printing money... you know what the answer is in the short term. If Trillions out there... it needs a home... and GOOD farm land is the BEST investment on the planet.

When selling A closing date means nothing. They just ask for extensions. 20 percent down NON refundable is the only way to go... then the buyer has real skin in the purchase and will most likely finish the deal. I have seen deals with 50 percent paid off... and the land returned during the early 1990's.

One thing we know for sure.... history does repeat itself!

Look at Japan... they are the poster boy for where the world is going. 25 years of trying to inflate a developed economy out of a bubble! AND they are still going....

Cheers!