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| SED, I don't know your situation but here's a glimpse at the half full side of the glass. Let's say a sto is using dad's inherited 30 year old equipment doing repairs yourself running over 3 quarters you inherited/ rent from family members, live on the old homestead in inherited house, no improvements, no debt, doing pretty good but have a cap to your income, risk ability
The local bto has 50 quarters rented at $100/ac more then you would pay, and owns another 10. He's got lots of debt, but lots of opportunity also. He has good yields this year and marketed in June at $4/$10 He's probably making $30-$50k per quarter depending on fixed costs, but is likely extremely efficient, and could write a check for everything you got and not flinch,and is also not focused on how this is the 80's, but only his goals and making them happen | |
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A difference between now and the Eighties
