Bricks and Mortar

[furrowtickler]

Wait a couple of weeks. My daughter has her house on the market and when it sells, she and her husband will build on my land and start their sheep farm. So far, they've been offered 150% over what she paid 1.5 years ago. The world's gone mad.

Great timing IMO 👍

Something is going to give big time shortly
People have to eat , have to drive to work ... but don’t need the payments on an $800,000 house that’s worth $350,000 .

[shtferbrains]

All those people making mortgage payments on a house that they bought for 400k and now ballooned up to 800k on their balance sheets probably think Justin Treudau is making them wealthy.

[Hamloc]

Gutfield had a classic on Fox last night…

Biden… pounding his podium…. Shouting “I am not causing inflation with Spending 1.9T$”

With the world virtually doubling the amount of currency globally in 2 -3 years… why would not a reasonable person expect virtually every capital asset to double in value as well. Like there are only about 1400 books written on this in the last century…

Yes each individual political leader in each country says I did nothing to cause inflation. But their collective monetary printing combined with their policies of suppressing exploration and development of oil and gas with their ESG investment policies have lit an inflation fire that will be hard to put out.

As an answer to Forage’s question, that is tough in today’s environment. I have a tendency to lean towards farmland but in my area of late it’s value is reaching heights I can’t relate to or believe that land can continue to inflate at this rate. If interest rates go up to where they need to land and housing could take a temporary dip, just an opinion. Recent land auction in the Bentley area saw 7 quarters sell with prices ranging from $1.2 million to $1.8 million per quarter. Not development land near a city, just farmland.

[foragefarmer]

All those people making mortgage payments on a house that they bought for 400k and now ballooned up to 800k on their balance sheets probably think Justin Treudau is making them wealthy.

Just wondering if the same could be said about farmland, or are these current values justified with regard to commodity prices?

Also heard beef prices in the store up 12% from last year. Does seem to be on the low side from what the stores are selling it for currently.

Question to the cattle guys on here, have you received a 12% increase on what you receive year over year at the markets?

[Sheepwheat]

Just wondering if the same could be said about farmland, or are these current values justified with regard to commodity prices?

Also heard beef prices in the store up 12% from last year. Does seem to be on the low side from what the stores are selling it for currently.

Question to the cattle guys on here, have you received a 12% increase on what you receive year over year at the markets?

More than twelve % for me.

[AlbertaFarmer5]

Average home price in Canada increased 20% to $816,000.00 from Feb 2021 to Feb 2022, according to CREA.

So the average value of a house in Canada seems to be fairly close to the average value of a quarter of land in central alberta, and it seems to me that that has held true for about as long as I can remember.
Does that correlation seem reasonable to anyone else? What about going back before my time?

[TOM4CWB]

So the average value of a house in Canada seems to be fairly close to the average value of a quarter of land in central alberta, and it seems to me that that has held true for about as long as I can remember.
Does that correlation seem reasonable to anyone else? What about going back before my time?

The US Fed is holding a 8.9 Trillion Dollar Balance Sheet.

And the Fed thinks that they can stop inflation?