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<blockquote data-quote="348Winchester" data-source="post: 5407909" data-attributes="member: 11952"><p>Wealth is being concentrated into the hands of fewer and fewer people. Land has traditionally been a measure of wealth. Add to that the undisputable fact that the currency has lost about 98% of its value since the Federal Reserve purchased the government in 1913. Another factor to consider is the ever increasing taxes on said land. Also, if one must borrow the money for purchase then the interest paid drives the real cost even higher. As others have stated being in the right place at the right time will account for some good deals but luck is fickle. Overall, the trend for land prices will be upward.</p></blockquote><p></p>
[QUOTE="348Winchester, post: 5407909, member: 11952"] Wealth is being concentrated into the hands of fewer and fewer people. Land has traditionally been a measure of wealth. Add to that the undisputable fact that the currency has lost about 98% of its value since the Federal Reserve purchased the government in 1913. Another factor to consider is the ever increasing taxes on said land. Also, if one must borrow the money for purchase then the interest paid drives the real cost even higher. As others have stated being in the right place at the right time will account for some good deals but luck is fickle. Overall, the trend for land prices will be upward. [/QUOTE]
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