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Non-Cattle Specific Topics
Coffee Shop
Is the middle class gone and am I poor?
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<blockquote data-quote="Caustic Burno" data-source="post: 1335635" data-attributes="member: 694"><p>S&L failure triggered a big devaluation for years, there is a small tract near me still for sale by an old couple that want way over going price.</p><p>They can't understand that what they paid for it has never caught up.</p><p>They paid 5k an acre going rate for a good tract is only 4K today </p><p>The high interest rates of 16% in the 70's killed land sales </p><p>as well causing prices to fall. No one wanted to take on that note in a recession from heII.</p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 1335635, member: 694"] S&L failure triggered a big devaluation for years, there is a small tract near me still for sale by an old couple that want way over going price. They can't understand that what they paid for it has never caught up. They paid 5k an acre going rate for a good tract is only 4K today The high interest rates of 16% in the 70's killed land sales as well causing prices to fall. No one wanted to take on that note in a recession from heII. [/QUOTE]
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Coffee Shop
Is the middle class gone and am I poor?
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