Hopefully with some sustained good prices you will have a chance for a capital gain in your lifetime on that land. I totally agree with ownership versus renting because you will always have the owned land, but will the trend finally change out there and land values turn around. At 183/ acre I doubt the fella who sold it has much of a capital gain.
Its like prepaying 8 years of rent if the value of the land does not go higher.
Its like prepaying 8 years of rent if the value of the land does not go higher.
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