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re: OB Farmers
Posted on 2/26/19 at 9:36 pm to p&g
Posted on 2/26/19 at 9:36 pm to p&g
What’s his gain beteeen purchase and now? What’s his annual return vs appraisal? Would bet the market is multiples better than what he has seen over the years of ownership. At his buy in price he had to have bought 30-40 years ago, amirite? Owning an asset returning <3% is a loser imo when you can double it in a conservative instrument easily.
There isn’t single person who would stick with his financial advisor if he was only returning 3% on a mill invested annually before taxes.
There isn’t single person who would stick with his financial advisor if he was only returning 3% on a mill invested annually before taxes.
Posted on 2/27/19 at 6:27 am to KemoSabe65
I agree but why are the institutional guys staying in it?
They have made it damn near impossible to get land around the river now even if it is mostly recreational without being a multi millionaire.
They have made it damn near impossible to get land around the river now even if it is mostly recreational without being a multi millionaire.
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