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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (5633)9/27/2002 1:21:42 AM
From: Elroy JetsonRespond to of 306849
 
There's that farmland price cycle.

Long-term, farmland price follows the price received for farmland products.

Year Price Index Farmland
1962 17
1981 118
1987 62
2002 142

1962 to 1987 is 25 years at 5.3% appreciation per year.
1981 to 2002 is 21 years at 0.9% appreciation per year.
For that matter, even a low to a high . . .
1962 to 2002 is 40 years at 5.45%
Long term you're looking at inflation or less.

The price of farmland depends on food prices.
Not mysterious population pressures or exotic shortages of land.



To: Les H who wrote (5633)9/28/2002 9:58:12 AM
From: Les HRead Replies (1) | Respond to of 306849
 
REIT ramble

ragingbull.lycos.com



To: Les H who wrote (5633)9/28/2002 3:02:25 PM
From: John ChenRead Replies (1) | Respond to of 306849
 
Les,re:'farmland values'. Another sign of RE top.
Does anyone have Doctors' investment trend in RealEstate.
That is usually another sign of RE top. No offense to the
doctors' profession. Just have a relative (surgeon) and
knows his 'RealEstate experience' as well as the 80's
in Texas. The 'doctors' were all into it. The 'talks' always
evolve around 'apartments, farmlands, buildings'.

Good that they have the sustain power and make their
living. It would be devasting for a 'normal wage earner'.
One shall never recover, until next bubble.