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NW Indiana | Great post and I agree on your points. About the only bullish argument I can understand is only about 1% of land exchanges hands each year. With that little of a turn over there is a lot of operations that can take that on. The question becomes are they willing to do it at high prices. One factor that could derail it all would be if some of these large investor groups decided they wanted out and the supply became too burdensome. | |
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