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Pittsburg, Kansas | As long as land is appreciating and banks willing to lend the balloon can expand at a rapid rate as long as the borrower and bank are not afraid of the risk.
Late 70's farm magazines and newspapers regularly featured high flyers. High interest and a depreciation in collateral values brought the high flyers back to earth.
Will it happen again? Who knows. If a leveraged person knows when to bail on the leverage, they can win the leverage game. Stay at a bit too long and the tide changes, get to see who was swimming naked.
Time will tell.
Edited by John Burns 1/4/2024 06:13
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Billionaire buying up ground artical
