Re: The Economy
[Re: ]
#7701821
10/27/22 06:41 AM
10/27/22 06:41 AM
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Joined: Dec 2008
Posts: 28,994 Eastern Shore of Maryland
HobbieTrapper
OP
"Chippendale Trapper"
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OP
"Chippendale Trapper"
Joined: Dec 2008
Posts: 28,994
Eastern Shore of Maryland
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I bet it's college graduates buying those fancy houses. With blue collar workers set to be paying off their student loans, they can now afford a higher mortgage payment.lol lol I guess it’s all priority driven. You can buy a 1/2 acre lot and house looking at a golf course with fountains for $700K or a 200 acre farm looking at another farm for 540K.
-Goofy-
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Re: The Economy
[Re: Pafoxman]
#7701915
10/27/22 08:37 AM
10/27/22 08:37 AM
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Joined: Dec 2008
Posts: 28,994 Eastern Shore of Maryland
HobbieTrapper
OP
"Chippendale Trapper"
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OP
"Chippendale Trapper"
Joined: Dec 2008
Posts: 28,994
Eastern Shore of Maryland
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You can buy farmland on eastern shore for $2,700 an acre?!? I find that hard to believe. The last few farms that sold in this area brought nearly 50,000 an acre. A 60 acre gentleman farm just sold for 3 million. The higher interest rates have done nothing to even hold the line let alone decrease prices on ag land My apologies, my numbers were off. It was only 197 acres for $487K
-Goofy-
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Re: The Economy
[Re: HobbieTrapper]
#7702038
10/27/22 10:31 AM
10/27/22 10:31 AM
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Joined: Jan 2014
Posts: 21,165 North East Kansas
Marty
trapper
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trapper
Joined: Jan 2014
Posts: 21,165
North East Kansas
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things are crazy....do not see how this can last for much longer without the bubble bursting. It happened so fast also...
E 'Honey Badger Militia' Sleep, the anti woke adote.
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Re: The Economy
[Re: Marty]
#7702095
10/27/22 12:19 PM
10/27/22 12:19 PM
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Joined: Feb 2010
Posts: 19,722 pa
hippie
trapper
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trapper
Joined: Feb 2010
Posts: 19,722
pa
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things are crazy....do not see how this can last for much longer without the bubble bursting. It happened so fast also... Land here is untouchable for locals, it is going for unheard of prices that people from the more populated counties are willing to pay.
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Re: The Economy
[Re: HobbieTrapper]
#7702678
10/28/22 02:47 AM
10/28/22 02:47 AM
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Joined: Jul 2017
Posts: 2,672 Ohio
Willy Firewood
trapper
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trapper
Joined: Jul 2017
Posts: 2,672
Ohio
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Back 14 years ago, 20% of all homes in Ohio were in foreclosure. The Ohio Supreme Court sent letters to all attorneys asking us to try to reduce the catastrophe.
FRAC LIVES MATTER
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Re: The Economy
[Re: HobbieTrapper]
#7702683
10/28/22 03:22 AM
10/28/22 03:22 AM
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Joined: Dec 2006
Posts: 30,044 williamsburg ks
danny clifton
"Grumpy Old Man"
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"Grumpy Old Man"
Joined: Dec 2006
Posts: 30,044
williamsburg ks
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Building like crazy in KC . Has slowed down a little but that happens every year in the fall. Spending a lot of money to use marginal ground too. Blasting out rock in some spots and hauling in dirt in others. Still building warehouses too because of the rail intermodal though that has really slowed. Home prices have not fallen but the meteoric rise has slowed. I hope that bodes well for everything else inflation wise. Jobs are still easy to get with decent wages.
Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
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