Rob Schuman
7.2K posts

Rob Schuman
@rschuman
Christian husband and dad, Farmer, FSR for Channel, Whitley County Commissioner. Opinions are my own.














I'm 48, I "could" purchase land I suppose. But at my age, I'm staring down the barrel of having to come up with $100k/year for the next 30 years. I'd be making payments until I'm 78 if I follow the payment schedule. Do I REALLY want to do that? The interest on year #1 is $75k. I can take myself from a very stable, liquid and flexible operation to one that is at risk. Or, I can find something else to invest that money into that will make my life easier... instead of more difficult. Would that purchase even make a difference in my long term prospects? I make that purchase now, and I'm likely never going to make another one, since I'm still paying for the last one. Pretty much every peer of near the same age as me is facing this dilemma, and so far, few have done it. When land is selling like beach front or ski properties, you just end up renting instead of buying.
















