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Manitoba, Canada | Yes. I would add that most STO's don't last more than a generation or two also if there is no growth. With each passing generation the profit margin has been shrinking or at the very least the cost of living has been increasing. If even one generation decides to coast the next generation looks at the potential profit, subtracts what he needs to live on, and realizes he is now facing an extremely uphill battle to get to a profitable size. Then, with all the talk of the 80's he realizes that even if he does everything right he might get blindsided by something out of his control and lose everything he has worked for. It becomes much safer to tell dad to sell to the BTO's and go get a job instead.
I think the answer for both the BTO and the STO is moderate and reasonable continuous expansion and improvement. Anything beyond that in increases risk. Sometimes it pays off, sometimes it causes auction sales. | |
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A difference between now and the Eighties
