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southern MN | Yea.
In 20 years, the investor has a nice asset that will make him or her, or heirs, gobs of money as it's paid off.
The farmer that pawned off his land got to rent it back 5 years, maybe more, got to work hard running more land, and retires with no assets, no retirement, nothing.
My simple mind just can't accept that as a goal worth chasing.
Seems foolish for a long term life goal.
I notice big business retail does the same thing. Sell off their assets (buildings) and lease it back, big cash infusion, big expansion from that.
Then we can read about them in the papers: Kmart, Sears, CompUSA, Herbergers, .....
Paul | |
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