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re: Lumber prices are set for a shakeup with the rollout of new futures contracts

Posted on 7/24/22 at 6:52 pm to
Posted by LegendInMyMind
Member since Apr 2019
55533 posts
Posted on 7/24/22 at 6:52 pm to
I have a great uncle who made a small fortune selling dirt. He sold a bunch of land that was intended for development (commercial and residential). The buyer/developer tried to force him off of the land well ahead of the agreed deadline. He didn't care for it. So, my uncle set up a shack and started selling dirt. Day and night dump trucks ran in and out of the property. By the time the transaction was finalized and the new owner/developer took possession of the land, the land was a valley.

People from the area would know the land. It is/was the eventual site of a minor league baseball stadium, among other things.

They tried to sue him, but failed. He was still the legal owner and there was nothing in the contract about the dirt/soil.

ETA: That has nothing to do with lumber futures, but the talk about dirt gave me a flashback.
This post was edited on 7/24/22 at 6:54 pm
Posted by pankReb
Defending National Champs Fan
Member since Mar 2009
64969 posts
Posted on 7/24/22 at 7:02 pm to
quote:


I have a great uncle who made a small fortune selling dirt. He sold a bunch of land that was intended for development (commercial and residential). The buyer/developer tried to force him off of the land well ahead of the agreed deadline. He didn't care for it. So, my uncle set up a shack and started selling dirt. Day and night dump trucks ran in and out of the property. By the time the transaction was finalized and the new owner/developer took possession of the land, the land was a valley.

People from the area would know the land. It is/was the eventual site of a minor league baseball stadium, among other things.

They tried to sue him, but failed. He was still the legal owner and there was nothing in the contract about the dirt/soil.

ETA: That has nothing to do with lumber futures, but the talk about dirt gave me a flashback.



this was actually a very entertaining story and i enjoyed reading it 10/10
Posted by slutiger5
Parroquias de Florida
Member since May 2007
10691 posts
Posted on 7/24/22 at 8:26 pm to
Dirt and lumber apply to mineral rights?
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