Mid-Michigan | earp - 7/26/2025 09:00
refinance and let it ride!
Until you can't. The ground you bought because "if you don't buy it now, you'll never have another chance", even though no matter who's pencil you use it couldn't pay for itself. The ridiculous rent you agreed to and was dumb enough to sign a contract to stop another neighbor from farming it. This stuff is all great as long as you can keep paying Peter to pay Paul. Eventually all that runs out. The note you signed for 30 years keeps coming. Hopefully for some of the guys who responded here (it's obvious that many are worried), they didn't use their house to cover their down payment. Losing everything and then telling your wife and kids you have to get an apartment would be devastating. Im an old man. Ive seen the story played out before. It's slow. I thought insurance would save some (and I think it has) for awhile. It's like one paper cut at a time. Eventually you bleed out. Bandaids help (insurance, government payments, loans from your dad), but just a slow bleed. The bandaid will bleed through. |
rise of farm bankruptcies due to trade war???
