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Iowa | One thing we don’t think about is all the outside money. The portfolio of the wealthy keeps expanding. It was just stocks and bonds, then commercial real estate, recently farmground, now residential real estate. There are people always crunching the numbers, it there is a return they buy. Even our small towns are having outside money and online buyers grab what used to be starter houses and renting them out for $1000/month. How many time on here have people commented “ground went for x, but it wasn’t a farmer that bought it”. How much outside money is willing to play the game, and for how long? Most of these types don’t need the money to function so if anything they tend to buy the dips. | |
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Land and Home Prices Ahead?
