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Napanee, Ontario | "$4680"
So this is what you think the land should be worth then? Apparently a lot of other people disagree with you,,, hence the price being double that.
I guess here's where your problem lies Boone: "I would expect a 5 percent return on my investment."
Those other people don't expect that much return. They are happy with 2 & 3%... esp. when gov't bonds are paying only 2%.
I think they would rather own land instead of a gov't bond, since they both have the same yeild. What would you rather have?
Interest rates have everything to do with where land prices are today.
Edited by OldMcdonald 2/4/2014 10:14
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Question for Coup-farm bill, land prices
