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.........here we go again!
Charming enough for ya 101? Lol....Sunday evenings @ 8 RC church basement in the Slum of the Ghetto!
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It's funny how if or when things blow up in cases like this it doesn't make quite as big an explosion as you would expect
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Plug 126 million into your mortgage calculator. FCC 's would "only" let me input 100 million.Last edited by farmaholic; Jan 2, 2018, 11:36.
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The mortgage amount on the title is already 126 million, the down payment on that "all encompassing" mortgage is already made.....if payments are regularly made maybe you can just keep adding titles to the mortgage without increasing it. Leveraging equity.
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Perhaps I missed something in a previous thread, but why is this any of our business, and how does it affect the rest of us in any way?
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In part it is about the continuing concentration of wealth and the impossibility of some areas having a next generation of land owners. Also has a bit to do with succession planning and how you will fund your retirement if you have a next generation you are concerned about. Yes, land is still changing hands but many locals are not in the running. They are totally shut out
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We gave up a huge opportunity by not leveraging our equity(with in reason), while land prices were considered cheap in comparison to now and very low current interest rates.
Its hard to begrudge someone's success if they had the balls to take the risk!
Edit:
hindsight-- 20/20
foresight--blind as a batLast edited by farmaholic; Jan 2, 2018, 15:31.
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Originally posted by farming101 View PostIn part it is about the continuing concentration of wealth and the impossibility of some areas having a next generation of land owners. Also has a bit to do with succession planning and how you will fund your retirement if you have a next generation you are concerned about. Yes, land is still changing hands but many locals are not in the running. They are totally shut out
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