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East Central Ia | Just had some mid seventy CSR dirt sell for 8k an ac to someone who needed to defer capital gains taxes. Had three good neighbors who all could have benefitted greating by owning this property... one of them even hung in there till the bitter end too. This is substaintially higher then anything else in this area has sold for. Makes me mad that the owners didn't just give those neighbors a chance to bid on it and keep the outside money away. They would have gotten a good price, not that high, but a good price and the land would have gone to a good neighbor.
Sorry if this sounds like ranting... not very happy atm. | |
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Someone explain to me how a 1031 exchange is good for farmers...
