I’ll make this really short & add as needed. Things are “ok” - I still would say, slight edge to seller. Some farms sitting but at same time, inventory very tight… the right ones move, like always I guess.
SOOOOO….. here’s my “trying to be helpful” iowawhitetail 2 cents from one schmucks perspective …. IF u r thinking of buying land, I kinda think now is the time to pull the trigger IF you are able. Here’s the “gamble” or “speculation” for what it’s worth…. Things have slowed a bit so a “good to fair buy” is clearly possible now …. Here’s the KEY I want you guys to at least have in your minds…. Maybe happens, maybe doesn’t…. IF IF Trump gets his way & the powers behind the scenes- they are gonna fight like frigin crazy to get these rates down. Powell’s term will be up (I think may???) if he doesn’t resign. Trump & the deficit hawks want rates down “3%” because: 1) it would reduce deficit by $1 TRILLION per year in interest & 2) would turbo charge economy…..
& yes- I get inflation needs to be in check but if they keep lowering energy prices & so on …. We probably could keep it in check.
Now- IF IF IF that happens. Or even 2%…. Buckle up!!! Ground will go up $1-2k per acre very fast. I’m not saying rates will get pushed down for sure… if I was a “betting man” - I guess id bet on lower rates. Maybe wrong. But- if you do believe rates will come down…. NOW would be the time to buy. It will make another run up!!! If you can’t do it anyways, not a buyer, don’t think rates will go down…. Then this post is irrelevant to you. All I’m saying…. Just chew on the dynamics here, what could happen & Just understand that one fundamental reality… IF IF IF rates get cut big time- ground is gonna shoot up in price very fast.
SOOOOO….. here’s my “trying to be helpful” iowawhitetail 2 cents from one schmucks perspective …. IF u r thinking of buying land, I kinda think now is the time to pull the trigger IF you are able. Here’s the “gamble” or “speculation” for what it’s worth…. Things have slowed a bit so a “good to fair buy” is clearly possible now …. Here’s the KEY I want you guys to at least have in your minds…. Maybe happens, maybe doesn’t…. IF IF Trump gets his way & the powers behind the scenes- they are gonna fight like frigin crazy to get these rates down. Powell’s term will be up (I think may???) if he doesn’t resign. Trump & the deficit hawks want rates down “3%” because: 1) it would reduce deficit by $1 TRILLION per year in interest & 2) would turbo charge economy…..
& yes- I get inflation needs to be in check but if they keep lowering energy prices & so on …. We probably could keep it in check.
Now- IF IF IF that happens. Or even 2%…. Buckle up!!! Ground will go up $1-2k per acre very fast. I’m not saying rates will get pushed down for sure… if I was a “betting man” - I guess id bet on lower rates. Maybe wrong. But- if you do believe rates will come down…. NOW would be the time to buy. It will make another run up!!! If you can’t do it anyways, not a buyer, don’t think rates will go down…. Then this post is irrelevant to you. All I’m saying…. Just chew on the dynamics here, what could happen & Just understand that one fundamental reality… IF IF IF rates get cut big time- ground is gonna shoot up in price very fast.