Dealers how are sales during this tough time

[jimmyj]

Had our house appraised as part of the routine remortgage. I had a guess that the value of our property was down but it did surprise me. The value is down by about 20 percent.

 

[ultrarunner]

seen the price of some of those land values---How the heck does someone pay the tax on those lands----no wonder some states are going broke--- tax on $12000 acre land versus tax on $3000 acre land versus tax on $700 land---location, location, location----only if they contain a gold mine or an oil well--oups!!!gold mine--- oil ain't worth nothing this week!!! What do you grow on $12000 acre ground---no wonder the stock market went to heck---as Sam Walton said it is only paper------or the lack there of!!!!! Do cucumbers sell by the pound there or by the ounce?????---pure gold!!!!! Pickles anyone???

My biggest fear is out of control, double digit tax increases. It's already happened to me in WA State and responsible for the elderly couple selling out... they lived very modest and couldn't control the tax on the land they owned and most of it was declared wet land... which made it more valuable??? because it still had a sought after building site that was surrounded by protected land.

 

[tjkadar]

I have seen older, retired people taxed out of their homes in both Madison and Milwaukee, WI. The townships wanted younger, working people, so they raised the taxes until the older people had to sell out and leave. Talk about dirty tricks... some of these people had physically built their homes with their own hands, paid them off decades ago, and were forced out by raising taxes.

We finished building a new house a couple days before Christmas. We closed on our mortgage the other day. The rate is 4.75% for 30 years - no points. We waited a long time to build our home, got all our financial ducks in a row, and came out okay.

The largest farmer in our county is calling it quits. He has leased most of his land and is auctioning off all his equipment this Saturday. They've been in business for 100 years and are throwin' in the towel. They can make more money by selling or leasing land than they can farming.

I am pretty darned tired of hearing the news spout gloom and doom everyday, all day. We're going to lose all of the cities along the coasts due to 'climate change' and rising sea waters, the ice caps and ice packs are melting away (no matter that they made a huge resurgence this year), asteroids and comets are headed this way, a tsunami lurks near every beach, we're out of oil, the air in your home is far more polluted than that outside, the air outside will give you cancer, etc., etc.

Heck, the biggest danger to our health is ourselves. We shove crap down our gullets every day, never get enough exercise, have way too much stress... our nation is, in general, a walking diabetic epidemic looking for a place to have a heart attack. *sigh*

Whatever happened to the power of positive thinking or having a positive attitude? People seem to be just plain mean and/or rude these days.

 

[Ace Power Equipment]

A couple thoughts to this post.
Price of oil is treaded in USD$.
When the Fed drops the interest rate it devalues the USD$
As the USD$ devalues the price of oil generally increases. Some pull backs in the price of oil were attributed to the USD$ getting stronger for a period against foreign currecies.
When the dollar is traded againt foreign currency it creates an imbalance againts us. The further interest rate drops the less the USD$ is valued against the euro or the yen. Therefore we see rising prices during an economic slowdown. Takes more USD$ in currency to buy a single yen = the price of Japanese built tractors with dramatic increases.
If your overseas something you and I pay 100k for is = to 65k euros this leads to the foreign buying of US companies and land.
While we need low interest rates to spur the economy, it is more important right now to NOT have Tax increases that remove money from the economy.It is imperative to continue business tax credits for investment in technolgy and equipment.
From the standpoint of small business, every transaction is more important than ever before.

Brian
848-992-6150