Posted 11/1/2010 19:10 (#1417448) Subject: Irrational exuberance or the new normal?
Spoke with the banker today. In his words "aggressive tenants" are apparently running around the countryside making offers around 25% above what would have been considered "normal" a year ago. I think this is what has my one landlord bugged. So, I suppose my wondering question is, are returns going to normalize to meet these new higher input costs? The cost to put in an acre of corn is getting mighty high.
Irrational exuberance or the new normal?
