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| Coup,
I just can’t understand borrowing money at ~6% to purchase an asset that returns ~2%. Seems like a high priced game of musical chairs. The only way it makes sense is if the value continues to climb at a rate of 5%+.
The value of land is completely divorced from the income it generates in many cases. The bankers I talk to say it doesn’t make sense but they are still loaning money.
Where does it all end?
I feel sorry for the young farmers trying to acquire a land base in this market. | |
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The land price is correct because...
