|
Red River Valley | and every Penney saved in Interest rates was bid into the cost of land which pushed land to a level that it would not have achieved had Interest rates been 2,3, or 5% higher than it is currently which simply means that if rates rise by 4% from here land crashes all the more.
Read a funny article the other day on why it is different this time
It was a full depth article on how Debt to asset ratios and equity levels and balance sheets are in so much better shape today than they were in the 80's they compared spring 2014 to 30 years earlier and 1984
anybody care to point out what they are missing | |
|
Interest rates. Something to ponder on a Saturday night
