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Odds 'n Sods:
Fraud
compounds woes of housing crisis. (Thanks to Heghduq for the link.)
o o o
A reader in South Florida wrote to ask me why I had "an unrealistic view
of the [investment] potential for farmland" and why I "such a strong
emphasis on buying farm ground" when coastal and resort properties "have
appreciated so well for more than
30 years."
I
have
a news
flash for
her: For
the next
5 to 10 years, coastal and resort property will probably go substantially go down in
price, but good productive farm ground is going to go up in price.
The grain market will drive this
boom. Land
that has long laid fallow in the CRP will
be going back into production--mostly planted in corn for ethanol. And every
acre that is presently planted in another
crop that is switched
to making "corn gas" will have to be replaced with acreage
elsewhere. Thus, even land in the depopulating Dakotas might even do well.
Do you want a recession-proof job? Learn to be a tractor and combine
mechanic!
o o o
RBS spotted this: The
Federal Reserve Releases Crisis Preparedness Video. Methinks that the
banks might have some crises of their own, quite soon.
o o o
Reader Bill N. suggested a
web site that discusses some of the common mistakes people
make with food storage.
