OK every one knows I am not going to purchase any land at these outrageous prices unless its on my door step or is the missing quarter of a section or two sections.
Chinese Investors have been going strong all winter. Lady from Ontario.
Slow payer but eventually the farmer gets his money. She keeps the land and rents it back. Seems she has been busy this winter with 11 to 15 quarters north of us.
She does not buy and resell Before the money arrives.
Now why am I saying Land has finally peaked.
Well Back in 1980 a neighbour told me he just bought 5 quarters for Million dollars. Said they aren't making any more and its a awesome deal.
He was broke after three years. And has left the area province and earth.
Met in 1980 with a real-estate agent who told us the same thing bid bid bid or you will loose out you know their not making any more.
We own all we looked at but it took us 6 more years to acquire it.
Now why am I saying it has Peaked.
Fast forward to 2013. Same BS investors will buy (German before Chinese Now). Real-Estate is doing the same thing scamming farmers and taking their 5% or more for jack shit. You know their not making any more.
But the real sign is Locals that lets just say in 1980 were gung ho and purchased then down sized are now buying like their is no tomorrow.
$360,000. per quarter no questions asked Mill for three.
So prices are 360 260 160.
One other note the Big dogs with Very deep pockets are not even looking. Big dogs that own private companies with Billions in sales.
Once the house bubble bursts watch what will happen to farm land.
Chinese Investors have been going strong all winter. Lady from Ontario.
Slow payer but eventually the farmer gets his money. She keeps the land and rents it back. Seems she has been busy this winter with 11 to 15 quarters north of us.
She does not buy and resell Before the money arrives.
Now why am I saying Land has finally peaked.
Well Back in 1980 a neighbour told me he just bought 5 quarters for Million dollars. Said they aren't making any more and its a awesome deal.
He was broke after three years. And has left the area province and earth.
Met in 1980 with a real-estate agent who told us the same thing bid bid bid or you will loose out you know their not making any more.
We own all we looked at but it took us 6 more years to acquire it.
Now why am I saying it has Peaked.
Fast forward to 2013. Same BS investors will buy (German before Chinese Now). Real-Estate is doing the same thing scamming farmers and taking their 5% or more for jack shit. You know their not making any more.
But the real sign is Locals that lets just say in 1980 were gung ho and purchased then down sized are now buying like their is no tomorrow.
$360,000. per quarter no questions asked Mill for three.
So prices are 360 260 160.
One other note the Big dogs with Very deep pockets are not even looking. Big dogs that own private companies with Billions in sales.
Once the house bubble bursts watch what will happen to farm land.
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