Dad dodged that bullet in the 80’s, but not by much. Now my cousin is setting himself up for a big fall. Sad thing is my Grandpa always told us to be wary, and my cousin forgot that.
I have thought about putting together a archive of all the newsletters, magazine articles, etc from before the 80’s crash.
I was at Iowa State when things started falling apart as an ag student.
I know many good people who were hurt badly from what happened.
It feels like it will all happen again; but no one sees it.
I remember specifically hearing all the reasons back then why land prices would stay high. Some were: “they are not making any more of it”, “farmland is disappearing because of urbanization”, “have to feed the world”, a subset of that “China”, “investors taking their money out of equities markets and into “real assets””.
There were more but can't recall them.