|
Roseglen, North Dakota | Rather than agreeing to disagree, show me the numbers of your unlikely scenario.
Here's mine.
Rich landowner
Owns 2000 acres, rent is $500/acre= $1,000,000 rental income.
1,000,000
-300,000. Income tax
- 40,000 real estate tax
660,000 net
รท 20,000/acre= 33 acres purchasing funds per year.
Now how many guys do you know that own 2000 free and clear?
So, I'm still failing to see how you buy much land off of rental income of 1 1/2%. | |
|
Land prices
