Lweber, are you currently actually buying farmland?
My pea brain must work differently than some peoples, I respect your theories and predictions but that,s all they are so I will give you mine. To me land was a good buy at 80,000 even 100,000 a quarter not 260,000(relative to the area of course). It would appear that the inflation has already happened when it inflated from 80,000 to 260,000 in 7 years.
Land should be priced off its ability to generate revenue which it has gone beyond, it is now a prized possession that people will do anything to get. Even my city uncles want to "buy some land cause its a great investment" but when it was "cheap" 7 years ago they had no interest. When guys like that want in thats when I sit on my hands.
My pea brain must work differently than some peoples, I respect your theories and predictions but that,s all they are so I will give you mine. To me land was a good buy at 80,000 even 100,000 a quarter not 260,000(relative to the area of course). It would appear that the inflation has already happened when it inflated from 80,000 to 260,000 in 7 years.
Land should be priced off its ability to generate revenue which it has gone beyond, it is now a prized possession that people will do anything to get. Even my city uncles want to "buy some land cause its a great investment" but when it was "cheap" 7 years ago they had no interest. When guys like that want in thats when I sit on my hands.
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