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In my area we have been overrun with “homesteaders “. We have seen every unusable piece of ground go from 450.00 an acre to 4500.00 an acre.
My county is one of the largest, least populated and poorest counties in Mo. is a horrible place to even try that. I know, I did it in the mid 80’s. I did so successfully, but one must be prepared and have enough gumption to work their asses off. You must also know basic animal husbandry and farming. Typical well here is 500’ plus for a minimum of 30-40 grand just to sink a well. I would never chose to do that again. But, if I had too, I could.
There are no jobs here outside of retail and the tourist industry. We have a Sheriff and two deputies for the entire county as well as two ambulances. Not exactly equipped for what is happening.
They are coming here by the droves with starry eyes. A good cold Ozark winter and hunger eventually drive them away with their land being resold at auction.
Blackrock and Vanguard, the answer to this puzzle. I have never seen anything like this.
My county is one of the largest, least populated and poorest counties in Mo. is a horrible place to even try that. I know, I did it in the mid 80’s. I did so successfully, but one must be prepared and have enough gumption to work their asses off. You must also know basic animal husbandry and farming. Typical well here is 500’ plus for a minimum of 30-40 grand just to sink a well. I would never chose to do that again. But, if I had too, I could.
There are no jobs here outside of retail and the tourist industry. We have a Sheriff and two deputies for the entire county as well as two ambulances. Not exactly equipped for what is happening.
They are coming here by the droves with starry eyes. A good cold Ozark winter and hunger eventually drive them away with their land being resold at auction.
Blackrock and Vanguard, the answer to this puzzle. I have never seen anything like this.
I see. 100k in 6 months? ooO my 1st thought is when that was happening in Vegas and I was slinging loans for Wachovia in CO. The lines had continued to become more lax until whether you could do a loan or not was often met from Processing with "I don't even know anymore, let me pass it on to Underwriting and we'll see". Shit like Seasoning reqs I literally watched go from 2 years to 1 to 6months to fk it, let's see. brand new track homes were popping up everywhere for 300+ and refi-ing withing 6 months to take 20% out. I recall at one point at the height of the insanity, their were some products out there that were 120%+ LTV. Literally put someone way upside down, when their home is at its most inflated value, often adjustable within 6-36 months, and what could go wrong? The last company I worked for in that industry was Wilmington Finance owned by AIG. We had to wait an extra 2-6 weeks to get paid because our loans were "packaged" and sold on the secondary market and the exact amount resulted in us getting a little less but often more. It never made sense to me until the end and I always felt something wasn't right about that. I had worked for too many other companies and even had started our own to know something about that secondary market sounded sketch af. Whelp if you watch The Big Short you can see that directly relates to when he had those Jenga blocks he called "tranches". I don't know what is going to break 1st but I just know something soon just has to give. The DXY is shooting up as we speak and testing levels from late feb. If they do not hold markets will bleed until DXY tests resistance from last oct of $113 and change. That breaks and we see zombieland and I am sellling crib immediately and Wendy, Bella, Oleever and I are heading straight towards CG's coordinates in hopes she takes us in and allows purchase 1/4 acre on outskirts of her property to build tiny house. We work for her and tend to land with love and respect. She says no then we just freeze to death in the forests just outside of her property so no biggie or pressure 
