Posted by coloken on February 05, 2012 at 06:39:28 from (216.17.179.197):
In Reply to: Land prices? posted by WJD on February 04, 2012 at 17:58:33:
Not really the same thing as the house bubble. That was people buying what they in no way could afford. You do not get a return off of a house- or like a fancy speed boat or such. Unless you buy it to re-sell, and that is what caused the problem. Land does bring a return or investment value . Most of the land sales are by people that have the money. Ups and downs of course, but long run I would rather have the land. Look at it this way: Land is not high, it's money that is low and worth less.
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Today's Featured Article - George's Fordson Major - by Anthony West (UK). This is a bit of a technical info to add on to the article about George's Major in the "A Towny Goes Plowing" article. George bought his Major from a an implement sale about 18 years ago for £200.00. There is no known history regarding its origins or what service it had done, but the following work was undertaken by Harold alone to bring it up to show standard. From the engine number, it was found that the major was produced late 19
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