USA | motherlover - 1/12/2026 07:19
So if you buy a farm today on 25 year note, while being in a solid position overall.
Stay fiscally responsible and make your payments for 15 years
Have 0 intentions of selling that farm, land prices drop all the sudden and now you’re in the soup line.
Ok. Got it.
You need to figure income tax into the equation. @ year 15and beyond will a person be able to generate enough income to pay the income tax in 15 years to pay the required principal payment.. No guarantee that income tax rates couldmpt be a lot higher than today. |