I overheard LuAnn talking to one of the children last night about whether to buy a certain vehicle or not. They were trying to avoid buyer's remorse blues. I've had them and I am sure all of you readers have, too.
I buy so few new things or slightly used things that I just hate buyer's remorse blues. Fortunately, I was poor enough I learned to shop for a bargain at a young age. I could list a huge book or chapter of good buys in my life. I learned from every "bad buy" I made. I just should have made more good buys when I was younger as they were all good buys compared to today. I have to Laugh Out Loud about that, that's a part of living through inflation in one lifetime. I think dad and grandpa lived through the same thing!
What is your buyer's remorse? I hope you don't have one. I've never had one concerning land or houses. They were all good buys and I wish I could have bought more. I saw so many young men my age buy $200 land when I was young and lose it all in the farm crises of the 80's. I never took the chance to try. Which is worse?
Land and rent is too high today compared to the prices offered. You can't pencil $10,000 per acre land or $400 rent on the $4 corn the experts want to beat this corn price down to. It could happen. I have explained to you why I don't think it will.
What I needed early on was a good farmland investor who believed in my ability to produce and make us both money. One who is fair. That's pretty hard to find in this old world!
There is a lot going on in my life today and I am sure it is in yours too. Thanks for taking time to read my thought for the day.
Ed
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