west central MN | Someone posted a link a few weeks ago that showed how land came down in the 80's. I think it took 7 years for it to reach from the high down to the bottom. I really don't think it will take higher interest rates to kill the market though. I don't think it makes any difference how you are losing money, as long as we are producing for less then the COP it is not good, especially when costs are so high. If interest rates go up 2% that is almost 50% more money spent on interest on a land payment. We don't need to go to 18% interest to make a big difference this time.
Edited by zmracing 12/10/2013 21:34
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