The land buyers, that I'm familiar with, around here have bought at lower prices. The land values here are considerably lower than most places and the taxes are lower as well. They look at land as a better investment based on the way everything else is going. They have the money and leaving it in the bank is losing them money now. The interest rates don't keep up with inflation. Contrary to what many think, the rich folks don't enjoy sitting in rooms just counting money, they had much rather invest in something that might fail as just sit on it knowing that it is losing value every day. If that weren't the case I never would have been able to borrow money :lol:
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
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