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<blockquote data-quote="BFE" data-source="post: 1710262" data-attributes="member: 28532"><p>The one thing about land is it will always be there. Buy stocks, they tank, you light your wood stove with the notes. </p><p></p><p>Land generally appreciates over time. My non-farm grandpa lost his ass in '08 (whoever his financial man was I would love to choke unconscious due to poor advice, but that's another story). Let's say, 30 years ago, he bought one decent 40 for 1000-1200 per acre as an investment, took him 20 years to pay for it at 8.5% interest, a little over $100,000. His 100 grand in 2010 was worth 160,000. Four years later, 350-400,000. Plus he gets a rent check every year. I wish he would've done that with his money instead.</p></blockquote><p></p>
[QUOTE="BFE, post: 1710262, member: 28532"] The one thing about land is it will always be there. Buy stocks, they tank, you light your wood stove with the notes. Land generally appreciates over time. My non-farm grandpa lost his ass in '08 (whoever his financial man was I would love to choke unconscious due to poor advice, but that's another story). Let's say, 30 years ago, he bought one decent 40 for 1000-1200 per acre as an investment, took him 20 years to pay for it at 8.5% interest, a little over $100,000. His 100 grand in 2010 was worth 160,000. Four years later, 350-400,000. Plus he gets a rent check every year. I wish he would've done that with his money instead. [/QUOTE]
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