What factors will cause land to crash or appreciate in your area?

[farmaholic]

farms , if you are paying cash , it's quite easy to get 2.5% interest on a 2 yr term . that is $8k /yr on a $350k price tag or $50/ac that you're not getting . usually when things won't work on paper , they won't work very long .

Then is there no way to justify buying at these prices?

If it was compared to a "stock's" P/E ratio..... who would buy then?

[furrowtickler]

If Captain Crayon keeps pushing his agenda , land prices just may crash in the next two years .

[Guest]

. only as "my dick is bigger than yours " sentiment . but having said that , we would probably buy another one for the stupid price , because we can , and not a lot of other stuff we need . I don't know , it's a tough call, but it sure as hell doesn't work ?
many on here say that they never regretted buying any of their land , but I sure did for about 10 long years in the eighties and early nineties . lucky grant helped us with the interest or would probably have not made it . and we were to stupid and proud to just walk away like a lot of nieghbors and then buy it back for 10 cents on the dollar. that's not happening again .
there is no better asset

[ajl]

If Captain Crayon keeps pushing his agenda , land prices just may crash in the next two years .

Or it goes way up because the loon is worth less that the bolivar.

[AlbertaFarmer5]

I attempted to summarize the responses to the thread. Of unique posters who offered an opinion, I read 7 who see more reasons for it to continue up, and 6 who see more reasons for it to continue down. that sounds like a well balanced market, with equal participants on both sides. But then we are all(mostly) farmers, and tend to have an optimistic bias, otherwise why would we be doing this, or buying an asset with such a long term payback to start with right?

I know the banks certainly aren't as optimistic, lending criteria for bare land are much more stringent than in recent history.