Posted 9/21/2013 22:10 (#3341577 - in reply to #3341544) Subject: Re: Related to 1586 post- loss of wealth
NEMO
Yes, but back then you had bigger tax deduction for interest. Now you have to pay the tax rate applicable for you, x the principal. It's gonna work out the same in the long or short run of things. $12,000 ground wont cash flow on $4 corn, without a major anount of CASH down. From the lenders I talk with, that aint happening and it seems to be the same elsewhere.
Related to 1586 post- loss of wealth
