North Western Alberta | cz4586 - 11/18/2012 18:30
Sit on it for a while. Wait for the land price bubble to burst and use it for a down payment on land when it does.
I think this is more true right now than ever. That is sort of my plan. I think we are headed for higher interest rates, and these high prices have turned some local guys absolutely stupid. It will be a train wreck if interest rates climb a few percent. A blood bath.
This time, I want to be ready for that, with cash. Right now, I dont think is the time to buy, but then again, most of the decisions I made on land and the farm were incorrect... so maybe dont listen to me. Ha ha! |
Hypothetical question.
