Posted 9/24/2014 20:36 (#4092014 - in reply to #4091967) Subject: RE: My favorite Monday Night Football quote
EC Nebraska
Boone & Crockett - 9/24/2014 20:23
00rooster - 9/24/2014 20:08
Huh...So is everybody going to adjust their net worth statements? 160 acres of land has just lost $320,000-480,000 of value......It wasn't that long ago(10 years) that amount would have bought that 160 acres outright, and now that amount of value was lost in 4 months........Sobering, is it not?
no need to adjust mine. Left it the same as 6 or 7 years ago.
Same here, my balance sheet shows my paid for ground at $1,600 per acre. 18 months ago, that ground would have brought 8-9K. Today, maybe 6-7K. It's got a long ways to drop before it affects my balance sheet.