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!

[bucket]

SF3 - a question.

Do you think your neighbors don't care for you?

Maybe they don't want to see you succeed on their land?

Envy plays alot into this.

Do you need a hug?


I watched guys sell in the last couple of years that thought they were getting the best price for their land. They left 100s of thousands of dollars slip away because they couldn't wait another year or two. They wouldn't give their next door neighbor time to put something together. Land prices increased at least 25 percent since then. I guess driving new vehicles that will be worthless in three years and working for someone for another 20 years is more profitable.

[cottonpicken]

Look at japan is right,but those poor sob's are about
to implode.

[Hopperbin]

Rumor is rent is 75 has just been
paid for 8quarters by our main farm

OK thats interesting I have experience one time on a one quarter purchase that I have purchased the quarter before I even talked to the guy. Then talked to him and purchased it done deal in like a week he was fully paid.

So did you pay 75 dollars per acre? I don't think so by your comments so far. And why do you need it anyway? You would only be driving up the price of the land you wanted to buy. Did someone else come in and rent the land beside your main farm??

[Hopperbin]

To tell you the trueth I have only one investor neighbour no one knows who how when if but or why, but even the RM does not know an adress and contact name. In my opinion nieghbours like this we do not need cause for one, the RM taxes are not going to get paid at some point in time so everyone else has to pay it. But seriousely if I would be able to get a contract with such a company I would Fxxx them. Not that I need that contract to survive I don't. I just don;t think its right that we don't know who owns land beside us. Would also provide entertainment for myself.

[ado089]

Foreigners can't own land. Ha ha

[Hopperbin]

Are you sure ado? Maxcorp has Chinese as a first language pretty soon your road signs will be in chinese and your coffee shop will be speaking a language you don't understand and just laugh at you, OK just kidding. Well I will accept chinese language even though I am not able to learn it if we don't have to have French language, kick all the french out and replace them with Chinese, thumbs up. You don't have to be Canadian to own a house here, you don't have to be Canadian to own a business here. All a Chinese needs to be is a permanent resident to own a house and the house is situated on a plot of land that they own. Unless farm land is still different. There is so many permanent residents hard to keep track of them all.

[Hopperbin]

Foreigners can't own land. Ha ha


You are entirely wrong in that statement cause I know 40 philipinos and 10 chinese couples that own houses here and they own the land that the house is on, I have stood up for them when they rented the house and the land lord did not give the damage deposit back when they rented. they pay taxes and they are not Canadian citizens only permanent residents. The chinese most likely will not be citizens as they will lose their chinese citizenship, I have nothing against these people that I know, cause they are earning a living working hard and living here and their kids will 99.9 percent chance be living here as canadians.

[Hopperbin]

So whats the chances someone will help the forienger to collect my rent, grrrr, what a world

[MarshallDillon]

I sold 300 acres of slough last year for big bucks, and I figure it has gone up 100K$. Nice guy though, hard working, determined, nice young wife and daughter. I'm pissed off at the $100K, but he is busting his arse to make it work, and that is ok.

A piece just went for $3200/acre next door, nothing special, and after the lady who works for the land firm bought it, she asks the guy who has rented it for--are you ready--38 years what kind of crops he grows on that dirt. I kid you not. Then she says she needs 120 bucks an acre, when going rent is half that. Then she comes back with a bunch of formulas to try to maximize her return when she finds out that she can't get near what she needs. No shit, Sherlock!

[Hopperbin]

Ye Hui by any chance???

[Hopperbin]

I think this lady works for a land firm.
I should try to date her is she good looking?