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 - Talk of the Town: The Saga of Grandpa's Tractor - by The following saga is from the Tractor Talk Discussion Forum. Someone. The saga starts with the following message: Hey guys I have a decision to make. I know what you all will probably suggest and it will probably agree with me way down inside, but here it is. I have a picture blown up and framed in my "tractor room" of a Farmall M. It was my Grandpa's tractor, of which whom I never got to meet. He froze to death getting this tractor out of the barn to pull a truck out of the ditch before I was born. Anyway my dad and aunt had to sell it at the auction,
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