Posted by Wile E on January 05, 2013 at 14:33:14 from (66.188.56.202):
In Reply to: Farmland prices posted by MarkB_MI on January 05, 2013 at 05:42:10:
I think I can answer your question "where is the money coming from"? I will make an educated guess that people that have money in banks in this country are really really ticked at the .3% return on a CD. So they are taking the money out of banks and they want some real returns. They are buying land and other tangible assets that will appreciate. I have also thought of spending my cash on other investments that will go up. The days of a 6% CD are gone for a long time.
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