That is probably the true and actual value anyway. The real estate market has been driven by speculation and unsound loan practices for the past 10- 15 years. There is land around me selling for 3000 an acre. The description would be rolling class 3 land. You could never cash flow it at that price-only make the interest payment and pray for an increased appreciation. Houses snd vehicles are the same you have to bid against yourself and be willing to pay what the next uneducated, emotionally driven fool is willing to give or you can't have it. Capatalism can only be sound when it is practiced and governed by educated, pragmatic individuals-not off the cuff, finaicially illiterate people. Payed for my new house in 17 months-could have done it earlier, no vehicle payments, farm payed for. I worked for it all and came from a meager background. We do something rare in the US, that is that we manage our money and spend it correctly. Proverbs says "the borrower is servant to the lender"
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Today's Featured Article - Oliver 550 Purchaser Checklist - by Greg Sheppard. Pound for pound the 550 is better than anything I've seen. It has great power for its size and can really hunker down and lug. Classified as a 3-bottom plow depending on soil conditions. I personally don't think it can be beat for a utility tractor in the 40 HP range. They are extremely thrifty on fuel, at least my DSL is. Most drive train parts are fairly easy to get. Sheet metal is probably the hardest thing to
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