[redgolum]

Couple things.
Reverse mortgages are not good in the long term. They are only good for those who will be dead before the money runs out.

And if you can find some nice Iowa farmland for $3000 an acre, let me know. It is at least three times that for irrigated land.

[muawiyah]

I was looking only for a comparison price, and $3000 looked OK for that. So, Iowa is worth $10,000 an acre? Probably more than that in downtown Desmoines, and then there's Seymour Iowa ~ probably as high as Desmoines, and much, much, much more than the average site.

It was necessary to show that the base price of $500 per acre for otherwise worthless publicly owned desert wasn't out of line.

Anyway, it's not a reverse mortgage ~ it's going to end up as a highly organized public land sale because cash needs to be paid to the Social Security recipients, and that's how the bonds get redeemed.

What this does is take Social Security OFF THE TABLE so an idiot like Obama can't threaten people with their SS checks.

It's highly probable that we can match up SS bonds with only a portion of Land and resources bonds leaving the US with two things of inestimable value ~ a vast surplus of bonds backed by land and resources ~ which will support the dollar as the world reserve currency, and a clear substitute of value for the job gold and silver used to play in the 1600-1900 period ~

Oh, a third thing ~ those people in New Mexico who want more land under state control? This is it. Every acre sold will fall within the jurisdiction of the state.

Let them put their money where their mouths have been so long.