Posted 3/2/2024 21:07 (#10648905 - in reply to #10648689) Subject: RE: Land values have saved creditors
Folks got in trouble that made their payments.
When land was valued at $3,000 last year, 4,ooo the year before, and is valued at $2,000 this year, the bank says you are going backwards. Machinery value dropped 75% also.
So now someone has still made the payments but they are upside down.
Boersen is not alone
