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Non-Cattle Specific Topics
Every Thing Else Board
LAND PRICES WHERE ARE THEY HEADED?
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<blockquote data-quote="TexasBred" data-source="post: 504231" data-attributes="member: 6897"><p>Don't think you'll see a cycle in land prices. Nothing but up. Same for new houses. Materials are sky high so price will remain high. Some might downsize some to offset the cost of building the new house but. Real estate will probalby bounce back in 2nd half of '08 once we get these folks out of those sub-prime loans that never should have been made to begin with. Banks as well as buyers are to blame. The bank knew better and the borrower knew he was moving into something he could never afford. Foreclose, and put it back on the market for what it's worth and at a legitimate interest rate and get a qualified borrower.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 504231, member: 6897"] Don't think you'll see a cycle in land prices. Nothing but up. Same for new houses. Materials are sky high so price will remain high. Some might downsize some to offset the cost of building the new house but. Real estate will probalby bounce back in 2nd half of '08 once we get these folks out of those sub-prime loans that never should have been made to begin with. Banks as well as buyers are to blame. The bank knew better and the borrower knew he was moving into something he could never afford. Foreclose, and put it back on the market for what it's worth and at a legitimate interest rate and get a qualified borrower. [/QUOTE]
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LAND PRICES WHERE ARE THEY HEADED?
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