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Napanee, Ontario | I just posted the same explanation on IV yesterday: [My parents bough it before they married in '82]
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" YUPPP
Our first purchase was a house and 200 acres in 1981 all together for $135,000.
In 1948 my grandfather received the 350 acres of land and a house...ALL FOR $5600!! (THAT WS BASED ON MARKET PRICES AT THE TIME)
My great grandfather likely got the original 350 and a house for next to nothing... I think there was an incentive set up by the gov't at the time where you could keep as much land as the settlers could clear...
Land was worth F all then. My family left the farms in Ireland to escape the potato famine... both my mom and Dad's family. (my mom's side settled near Shelter Valley (Coulbourne) ON.
Now that original house + 200 we bought in 1981 is worth over $4million!!
INFLATION can be a game changer if used to your advantage... Personally, I think it will be again with OIL STOCKS.... OIL AND GOLD ARE the most inflation sensitive places to be next to real estate!" | |
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So how do you protect yourself from inflation?
