BlackSpruce
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Danish investors buy huge chunk of Adirondack land
- Thread starter BlackSpruce
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mavs00
New member
Does that mean we need to start learning Danish. Good thing I've been practicing.
"Ville jer have lyst til gå i stykker hiking?"
"Ville jer have lyst til gå i stykker hiking?"
Mike P.
Well-known member
See this from CNBC:
http://www.cnbc.com/id/29977331/
basically, timber has performed better than stocks. Less volatile, if you don't like the current price, your asset grows & becomes worth more (pests & blights aside) it's renewable & it's highly unlikely the land will be worth less in 5 - 10 years.
No one is predicted the Dow will hit 14,000 again in that time frame, espescilly in 5 years. (8% per year on average will take more than than that, seeing an 8% gain may not happen this year either, down so far.....)
http://www.cnbc.com/id/29977331/
basically, timber has performed better than stocks. Less volatile, if you don't like the current price, your asset grows & becomes worth more (pests & blights aside) it's renewable & it's highly unlikely the land will be worth less in 5 - 10 years.
No one is predicted the Dow will hit 14,000 again in that time frame, espescilly in 5 years. (8% per year on average will take more than than that, seeing an 8% gain may not happen this year either, down so far.....)
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