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Pittsburg, Kansas | Timing is important.
My dad and mom got married in the worst part of the Great Depression with a 20 dollar bill as their base. As a kid the farm dad lived and worked got repossessed and they had to scratch out a living on a tenant 80 acres. Mom and dad both were deathly afraid of borrowing money and never did. The only money he ever borrowed was for a month or two against a CD that would be maturing soon. In other words he had the money in the bank.
In their lifetime I would guess at their maximum ground owned was around 1500-2000 acres. All bought with cash only as it became available and they could afford. People came to him later in life if they had a piece of land because they knew he had money.
He made the comment to me more than once to the effect that getting married at the worst possible time, things were long term always getting better during almost all his adult life. During the 80's farm crisis he had cash and bought land beside some I had bought just 2-3 years before for 1/3 the price at auction. So even the 80's was a time of opportunity for those prepared.
Timing is a lot. He acknowledged that when he started farming with horses,, everything got better in his working lifetime. Being of the correct mindset and being in a position to take advantage of opportunities that arise is also important. He held his hand up at auction when most didn't dare or couldn't.
Trees grow fast when young. But they never keep up that pace and grow to the moon. Stuff changes. Your time may come. Be ready.
Edited by John Burns 1/18/2025 06:09
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Land Value - Where is this beast headed?
