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Every Thing Else Board
Land Prices 2009?
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<blockquote data-quote="Alberta farmer" data-source="post: 604201" data-attributes="member: 8978"><p>Land prices in Alberta are still going up. Don't know if that will hold with the drop in oil prices or not? A local real estate guy says houses have dropped off a bit but not rural properties.</p><p>I guess it depends a lot on where the economy is going. Interest rates are pretty low and getting lower. If OPEC drives the price of oil back up to over $75/bl land will probably continue to rise around here.</p><p>My neighbor figures this is the time to buy! He figures if you can lock in a cheap interest rate, in a short time inflation is going to take off,due to all the money the US government has pumped into the system? He thinks inflation is going to be unreal and land prices will rise in a major way! Don't know if he is right or not?</p><p>I sometimes wonder if this economic mess is out of control and they whole world might go in the tank?</p></blockquote><p></p>
[QUOTE="Alberta farmer, post: 604201, member: 8978"] Land prices in Alberta are still going up. Don't know if that will hold with the drop in oil prices or not? A local real estate guy says houses have dropped off a bit but not rural properties. I guess it depends a lot on where the economy is going. Interest rates are pretty low and getting lower. If OPEC drives the price of oil back up to over $75/bl land will probably continue to rise around here. My neighbor figures this is the time to buy! He figures if you can lock in a cheap interest rate, in a short time inflation is going to take off,due to all the money the US government has pumped into the system? He thinks inflation is going to be unreal and land prices will rise in a major way! Don't know if he is right or not? I sometimes wonder if this economic mess is out of control and they whole world might go in the tank? [/QUOTE]
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