Posted 11/1/2017 06:25 (#6338434 - in reply to #6337637) Subject: RE: It is what it is
NW IN
And in a declining land value market, at what point have you overextended your equity and cash flow using the paid for 500 acres as collateral?
Run a financial stress test using 500 paid for acres losing 50% of value against another 500 that was purchased in the top 10% of the market. Makes for a scary looking balance sheet in a hurry.
It is what it is
