Posted 6/28/2025 10:50 (#11278693 - in reply to #11277856) Subject: ^^^Bingo^^^
Croswell, Michigan
This is the hole that sucks people in. What happens when the paper value of your land isn’t as great as it was when you borrowed against it? Now your lender wants more collateral. Now what?
I don’t worry about what I’m worth on paper, I worry about what I can payoff in a bad year.