manitoba | willvr - 2/3/2011 13:11 I bought my first quarter in 1982 for $200,000. Two years later I could have bought it back for half the amount. It took 19 years of making payments before my land was worth what I had paid for it. My brother (who was born at a better time) bought his first land, very similar land to mine, in 1994, for less than $60,000. Of course, now, 29 years later, mine is worth more than double what I paid for it. But his is worth almost 10 times what he bought it for.
how much extra income did you get off that quarter in the extra 12 years that you farmed it? |