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Whiskey, Tango, Foxtrot | "Hold dollars or pay too much for ag land"
Something I've been wondering about now. I have an offer in on two places right now, but the first was already in escrow and the second is just cheap ground, and my offer was really low (just what it is worth). So nothing will probably happen to those deals.
But being young and dumb I'd really like to buy another piece of farm ground, trouble is nothing is for sale. So that means either make some offers that are way too high or just sit on what we have. We don't really have much saved, but enough for a down payment. Sitting on much at all is making me nervous at this time however. Much rather have it tied up in real estate than in the bank esp. if we have rampant inflation and those dollars aren't worth much. Seems like if that is going to happen then having a fixed mortgage on a solid asset (ie farm ground) wouldn't be a bad thing.
Quite a lot of interesting discussion on here as of late, it has been learning for me this winter! They don't teach this kind of stuff in college econ. | |
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The Fed can provide answers to questions, too
