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<blockquote data-quote="Brandonm22" data-source="post: 579298" data-attributes="member: 7645"><p>We are reaching a point where you have to have a large portion or all of the money going in. Even someone with a $150,000 a year off farm job can't service the debt on most large (1000++ acres) ranches. This may be becoming a purely cash game......which dramatically decreases the buyer pool. Of course I have grave concerns about where the dollar is headed (see Leeman, AIG, WAMU, Merrill, Fannie, Freddie, Indie Mac, Bear,....). A $3 million ranch MAY not be as expensive as we think it is in a short while to come.</p></blockquote><p></p>
[QUOTE="Brandonm22, post: 579298, member: 7645"] We are reaching a point where you have to have a large portion or all of the money going in. Even someone with a $150,000 a year off farm job can't service the debt on most large (1000++ acres) ranches. This may be becoming a purely cash game......which dramatically decreases the buyer pool. Of course I have grave concerns about where the dollar is headed (see Leeman, AIG, WAMU, Merrill, Fannie, Freddie, Indie Mac, Bear,....). A $3 million ranch MAY not be as expensive as we think it is in a short while to come. [/QUOTE]
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