RK Tractor Prices

[hornett22]

An RK 55 has gone up $5K since it was introduced? That is freaking ridiculous.

All brands have gone up. It's not just RK. I paid $17,800 for my Mahindra 1626 in Feb of 2020. I doubt you will find that price today.

You want to hear true crazy?
This morning I saw an ad for a JD 3025e with a FEL and backhoe for $38,999. JD is on drugs.

 

[hornett22]

Umm. Remember the steel tariffs? And $1 gas had nothing to do with government policies; it was due to over supply and weak demand during the peak of the Covid shutdown.

 

[kerrycfendley]

Great prices here nice

 

[LS Tractor Owner]

Great prices here nice

????

 

[TimberFarm]

He's no business man with 6 bankruptcies.
BTW, I bought an LS.

 

[Grumpycat]

He's no business man with 6 bankruptcies.
BTW, I bought an LS.

With current tax law, bankruptcy is a valid business plan.

But also note T had business partners who ran most of the operations.

Consider the recent announcement of a mall operator in San Francisco walking away from their mortgage, returning the property to the banks. Is the contract the banks originally agreed to when the mortgage was written, and the mall operator is just exercising the contract options.

 

[CloverKnollFarms]

It's that or being a family that accepted bribes from foreign countries while in office.

I'll take bankruptcy

 

[TimberFarm]

It's that or being a family that accepted bribes from foreign countries while in office.

I'll take bankruptcy

You got both.
Thankfully the post that started this was removed. Every post from 45 and after should be removed too.

 

[ddbackhoe]

Consider the recent announcement of a mall operator in San Francisco walking away from their mortgage, returning the property to the banks. Is the contract the banks originally agreed to when the mortgage was written, and the mall operator is just exercising the contract options.

No headline with bank honors terms of contract.
Investors default on loan, huge mall to close, hundreds lose jobs might catch national/global attention.

 

[jyoutz]

It's that or being a family that accepted bribes from foreign countries while in office.

I'll take bankruptcy

Why should we settle for either?

 

[Grumpycat]

No headline with bank honors terms of contract.
Investors default on loan, huge mall to close, hundreds lose jobs might catch national/global attention.

Boo hoo. You think they should not have tried to build that mall in the first place? It was once a good business proposition until the city ruined the environment.

Players staked their positions, "I'll accept this much risk for this much profit." Turned out to be riskier than they believed. That is why there is a profit baked in at the front, because there is a risk of losing more than the initial investment.

The investors concluded they had lost enough money already and no chance of recovering, so they exercised options in the contract to return the property to the banks. If the banks can operate it at a profit they will.

 

[Gator6x4]

Maybe you don't go to the grocery store, lumber yard or check out prices of tractors. Real world experience and common sense shows that a dollar will only buy about 70% of what it would a couple of years ago.

Remember when a lot of people were hollering about free money in zero percent loans? How about those 1.89% home loans? Or 0.015 percent on Saving Accounts, CD’s? Well the chickens have chome to roost.


“Why is the dollar losing its value?


“Easy monetary policy by the Fed can weaken the dollar when investment capital flees the U.S. as investors search elsewhere for higher yield. Declining economic growth and corporate profits can cause investors to take their money elsewhere.”