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<blockquote data-quote="somn" data-source="post: 500299" data-attributes="member: 3721"><p>The way I understand it from listening to people who lived thru it and are still living one of the biggest differences in our local area is the amount of land under finance. In the 70's they said 80% of the land was under 75% finance. Land was as high or higher values than today in our area but today it is mostly in the hands of owners that have never heard the word debt. And most of it got that way when those people in the 70's filed on the land and land dropped to $700 an acre and the people that actually had money bought it up. Now any land that comes up for sale is either bought by those who bought the land at $700 and have made thousands off of it. So even now these high land prices again are being bought without finance. Americans may be in debt but in this area it seems to be better than before.</p></blockquote><p></p>
[QUOTE="somn, post: 500299, member: 3721"] The way I understand it from listening to people who lived thru it and are still living one of the biggest differences in our local area is the amount of land under finance. In the 70's they said 80% of the land was under 75% finance. Land was as high or higher values than today in our area but today it is mostly in the hands of owners that have never heard the word debt. And most of it got that way when those people in the 70's filed on the land and land dropped to $700 an acre and the people that actually had money bought it up. Now any land that comes up for sale is either bought by those who bought the land at $700 and have made thousands off of it. So even now these high land prices again are being bought without finance. Americans may be in debt but in this area it seems to be better than before. [/QUOTE]
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