Posted 11/16/2023 05:04 (#10483794 - in reply to #10483752) Subject: RE: Kubs Den “ INSANITY OF PAYING 7% ON AN ASSET (FARMLAND) THAT ONLY EARNS 2%”
West Central Illinois
Glad I never followed advice like that. What a stupid simplistic view. Land is like a growth stock. You don’t buy it for the cash return only - gotta look long-term.
Most I know who didn’t buy land bought nice new paint (red or green). I wouldn’t trade places 40 years later.