| sloughclub - 1/18/2025 09:16
Money moves in funny ways and I keep thinking farmland has to cool off and possibly drop some , I keep expecting it , I had farm land that took from 1979 until 1996 to get back to what it brought in 1979 , it can happen, that being said , I have a little money tied up in some commercial property that’s seen pretty good appreciation in the last five years , it got listed for sale in the last ten days with notification that funds go to 1031 intermediary, I can definitely tell you that when /if it sells , somebody’s farm close to me is gonna sell within 180 days of it ,right or wrong, too high or too cheap ,I have faith in dealing with the farmers around me , commercial investments just aren’t for me , if I could 1031 it into cash investment I maybe would consider, but so far haven’t figured that one out, and sure don’t wanna pay tax and put it in cash , just the old dumbbell farmer in me , I should probably leave it where it’s at , but I don’t like putting up with what I don’t like , that make sense? Tax wouldnt be that bad, cap gains cheapest tax you’ll ever pay. I would never, ever let escaping a 20-25% tax lure me into overpaying big time just for a place for the 1031 cash to find a different home. Paying the tax completely opens up other opportunities.
Edited by Boone & Crockett 1/19/2025 08:21
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Land Value - Where is this beast headed?
