I have no idea if this is true or not and I don't trust Snopes any more than I do any of the media. But I do know that a $250K gain on a home is not that far fetched and on a small farm is likely. In the 1960's a person in my area could buy a moderate sized house and 5 acres for $15k. Today if the house was maintained it could sell for $265K. Add in a few improvements like landscaping and it can go much higher. How many people keep up with what they spend on that?
A 200 acre farm could show a gain of over 1/2 million. A million dollar farm will just barely provide a living for 1 family. This is money that these people had counted on as retirement because they didn't want to depend on social security.
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Today's Featured Article - A City Guy's First Tractor - by Fred Hambrecht. After living in apartments in Atlanta for more years than I care to remember, the wife and I decided to move to the country. Humming "Green Acres is the place for me..." we purchased a 29 acre tract about 60 miles south of Atlanta. Next came the house, I could talk about that ordeal for another two weeks... But, I want to talk about my tractor! We didn't even own a lawnmower, and all of a sudden we had enough grass to feed all the starving children of the bovine world. Naturally, I talked
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