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<blockquote data-quote="Brandonm2" data-source="post: 399782" data-attributes="member: 2095"><p>Do you really believe that we are likely to run out of people with the money to buy hunting land? That is what is driving up the value of property all over Alabama. I have a neighbor that does the tractor work for six or seven hunting clubs. Any time they need more money they just add more members. Ten doctors or ten businessmen can each pony up $25,000 they will never miss and the next thing you know they got a 1/4 of a million in cash and the resulting Limited Liability Company can borrow two or times that in a 30 or 50 year mortgage. This is a growing economy with a growing money supply. New wealth is being created all the time and it is always in search of a "safe harbor". There will be market corrections, recessions, and maybe even another Great Depression over the coming century; but I am fairly confident that land values (on the avg) will still be appreciating at 7% (or more) every year at the dawn of the 22nd century (barring something cataclysmic like a killer asteroid impact).</p></blockquote><p></p>
[QUOTE="Brandonm2, post: 399782, member: 2095"] Do you really believe that we are likely to run out of people with the money to buy hunting land? That is what is driving up the value of property all over Alabama. I have a neighbor that does the tractor work for six or seven hunting clubs. Any time they need more money they just add more members. Ten doctors or ten businessmen can each pony up $25,000 they will never miss and the next thing you know they got a 1/4 of a million in cash and the resulting Limited Liability Company can borrow two or times that in a 30 or 50 year mortgage. This is a growing economy with a growing money supply. New wealth is being created all the time and it is always in search of a "safe harbor". There will be market corrections, recessions, and maybe even another Great Depression over the coming century; but I am fairly confident that land values (on the avg) will still be appreciating at 7% (or more) every year at the dawn of the 22nd century (barring something cataclysmic like a killer asteroid impact). [/QUOTE]
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