| Dirk Diggler - 9/21/2023 13:03
The value of the land isn’t going up, the value of the dollar is going down. Therefore, it takes more dollars to buy land. Once you understand this, “high dollar land” will make more sense.
My house was in better condition when it was brand new in 1974 than it is today. However it’s worth 10 times as much today as it was then. Or maybe the US dollar is only worth 1/10th of what it was worth in 1974.
But it really doesn't matter that your house is worth 10 times what you paid for it, unless you sell it. Otherwise it hasn't put one more dime in your pocket.
Just like 34k land. It will never add one cent to the bottom line. |
Farm Land sale
