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Eastern Iowa | No thanks. It would be better to buy it after the land market created by "a lot of outside investors and people taking their money out of the stock market, looking for a safer place to invest" crashes and burns.
Joseph P. Kennedy knew it was time to get out of the stock market in 1928 when he once received stock tips from his shoe shine boy. Pets.com was once worth $82.5 million after its IPO, more than Coca-Cola was at the time. I knew housing was screwed up when people I knew to be less than well off were building new houses worth more than $300,000--bubble burst on them, too.
Land isn't always a safe haven, and outside investors with no stake in, or understanding of, agriculture who fill an auction hall over farmland are going to find that out at some point. | |
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Kansas guys get out your checkbooks for this one...
