Posted 11/25/2021 16:10 (#9341206 - in reply to #9340760) Subject: RE: It's not all inflation
I bought a farm that had been taken back so many times the seller didn't want the going price. He asked me what I could make the payments on.
A man could have gotten rich if he had access to capital, even at 18%.
!8% interest on a $200 land note is not that much, especially when your total inputs, including machinery and labor came to under $100 an acre.