• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Old Timer....expanding your land base???!!!!

Yanuck

Well-known member
Historic Colt pistol sells for $920,000 in Maine

FAIRFIELD, Maine - The sale price of a historic Colt Walker pistol has broken a record for all guns made by the company, an auctioneer in Maine said.

An anonymous bidder paid $920,000 on Tuesday for the .44-caliber revolver, said officials from the James D. Julia auction house. It was made for U.S. marshals in the 1840s and its previous owner said he never fired it.

The price included a buyer's fee of $120,000 charged by the auctioneer.

Julia was also the auctioneer for the previous Colt record of $480,000.

The gun was an heirloom passed down from John McBride's great-great-uncle. The 80-year-old from Montana said some of the money will be used to buy land in that state.
 

Ben H

Well-known member
That's funny, I don't read the local newspaper, but I listen to talk radio all day with news at the top and bottom of the hour, didn't hear about this one. Fairfield is about an hour North of me.

Is this someone who cashed out of the stock market a few months ago?
 
A

Anonymous

Guest
Yeah- I saw that article...If things keep going the way they are there may be quite a bit of land he can get a lot cheaper than a year ago... :(
 

Ben H

Well-known member
Allan Nation has been saying that 2011 is about the time that farmland should be affordable to buy as farmland again, maybe it will be even sooner. This burst of the housing bubble has made me happy in some ways, I shouldn't have to compete with developers so much now, that is a huge issue where I live.
 

jodywy

Well-known member
Talked with 3 ranch brokers today and 2 we are working with the 3rd works for Hall Hall, acording to them big ranch properties are not losing value..... where do you think that money is going to set that leaving wall street....
 

mrj

Well-known member
Doesn't land usually hold or increase in value during Wall Street 'corrections'?

Granted, this one is probably caused more by liberal changes in rules and law requiring lenders and banks to give loans to many individuals for homes and businesses, who have no chance in the world of paying them back.

Add in the Chris Dodd and Barney Frank and Dem operatives placed in charge of Fannie and Freddie, et. al, and this adjustment certainly isn't 'normal', however it has gone down about 40% and that is the usual turn around point, and it has turned around, for today, at least.

mrj
 
Top