Posted 3/11/2019 19:23 (#7374251 - in reply to #7374180) Subject: RE: My Issue
South Central Iowa
Yeah, I said that at the end. It would be fun to watch them squirm.
They buy it in cash, but the truth is most of them are not shrewd investors. Many are seeing sub 3% returns right now. Halve their rent and cut price he price by 25% and watch must of them fall over themselves trying to get out. They don’t want to waste their life tied to a farm investment. Unlike us, they don’t actually care about farming. Not caring doesn’t make them prudent though, most are the buy high sell low types. They’ll come to find that out when they’re unwilling to wait a decade or generation to recover the value of their investment.