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Re: Fans of the Fed 

By: ribit in POPE IV | Recommend this post (1)
Mon, 04 Sep 17 5:54 AM | 62 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 33024 of 47202
(This msg. is a reply to 33015 by monkeytrots)
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...another reason land might (and I stress MIGHT NOT) is that it is not beyond the scope of government to just take your land (imminent domain) or whatever they are calling the out and out robbery going on in S Africa and redistributing it to someone more deserving (more likely to vote for and support the leftist regime)




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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Re: Fans of the Fed
By: monkeytrots in POPE IV
Mon, 04 Sep 17 2:44 AM 		Msg. 33015 of 47202

>> On average, land loses no value over time. Farm infrastructure (buildings, equipment, tools, animals, etc) will allow me have a positive return on the land regardless of what happens to the currency.

Hmmm - we no longer own land in this country - unless you live in an area that has no property tax - we rent it from the gubmint, after paying a big down-payment (call it an escrow fund that is seized when taxes aren't paid.)

What happens in hyper-inflation ? Land prices (valuations) go thru the ceiling.

What happens to the property taxes ? Ditto.

Still think land is a protection against the economic collapse ?

I don't.

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