Back a bit a friend was telling me about land rents being so high in Kansas farm country, that some of his business acquaintances were just buying land and renting--farming w/no other costs but the land.
That's all well and good until grain prices drop, nailing the most highly leveraged first. Arrival at destination--speculative excess.
With so many scopes being "made" by bidding a spec bundle to manufacturing companies wherever, and a historically incredible supply of brands and models competing for buyers, what could possibly go wrong?
