rustydriver said:If having fertile farmland is such a massive upgrade over owning vacation rentals, why don't you two (rowdypilot19 and wearytrucker22) just sell everything, move to the Midwest, and go chase those government subsidies?
It’s honestly absurd watching you try to push this narrative that managing an Airbnb is some grueling ordeal. You clean the place once every ten days, hand off the keys to tourists, and collect the cash. Or, if you're feeling lazy, you just hand over 5-10% to a property management agency to handle the whole thing while you sit back and watch the money roll in without lifting a finger.
And then you have the nerve to compare that to agriculture, where you’re grinding for 6 to 9 months a year, putting in well over 100 hours a month just to keep the operation from collapsing. Basically, the rental owners start with an extra 100 hours of free time every month to pick up a second job—or, as is usually the case, to do absolutely nothing. Not to mention that farmers are at the mercy of things they can't control, like the weather. This year was a nightmare with the drought burning everything to a crisp, whereas on the coast, you’ll get rain 70% of the time like you did three years ago. The rental income stays steady regardless.
Then there’s the overhead. You have to till the land constantly using heavy machinery, which means either renting equipment or shelling out a fortune to own it. And at the end of the day, you actually have to sell the product. Most of the time, you're selling at the border just to break even, or sometimes even at a loss. Those subsidies you love to talk about aren't making people rich; they're just keeping them from drowning. That's the reality, despite the story you two are trying to sell.
How can you even put tourism and farming in the same conversation? Look at how something like Ultra in Split works—scammers hike prices by 200% and fill every room without having invested a single cent more than they did last year. When does that happen in farming? When demand outstrips supply—like during this drought when yields dropped by 50%—does the price skyrocket? No. If the local supply is too low, we just import food from other countries, and the domestic farmers still get stuck with the same old prices.
Sure, there’s a fair percentage of people who went bust because they overleveraged themselves on tractors and combines, or simply because the economy tanked. But what really grinds my gears is the attempt to claim that renting out apartments is harder work or less profitable than farming.
Well, I didn't buy farmland, and I don't own any rental units, but I did put some money into this one somewhat alternative kind of farm. I’m actually planning to invest more, I'm just waiting to see if the owner decides to expand again or maybe wants some capital to beef up the warehouse capacity or the silos.
They don't get subsidies.
It honestly feels crazy to me that you guys are trying to push this narrative that it's somehow easier to set up an Airbnb, clean it once every ten days, hand the keys to tourists, and just collect the cash—or better yet, bypass all that by giving 5-10% of the revenue to an agency that handles everything while you literally sit back and watch the money roll in without lifting a finger.
Your ROI is going to be garbage and you'll end up failing in the long run. It all looks great on paper, but the US, for example, has really questionable ROI when it comes to tourism. The real question is whether there even is one, if it actually pays off for citizens, and how much.
That's why, personally, I would never invest in that type of tourism today.
The only way it's "profitable" is if you inherited it or snagged it at a massive discount.
Anyway, I'd bet very few farmers would see a meaningful ROI there either.
And then you compare that to agriculture, where you have to work 6 to 9 months a year, like 100+ hours a month, if you don't want everything to fall apart. So, those folks with rental properties basically start out with an extra 100 hours a month they can use for a second job, or, as is often the case, just doing nothing at all. I won't even mention that farmers are at the mercy of things they can't control, like weather—like this year, where we had a massive drought and everything just scorched, whereas on the coast, it might rain 70% of the time like it did three years ago, so they still have steady income.
What crops are you even talking about? One farmer I knew told me he worked 30 acres of wheat and it only took him about 12 days of work for the whole year. Back then, he understood why wheat is so cheap; you practically have nothing to do.
As for droughts... well, it's like Israel gets rain whenever they need it. ☕
It's funny how farmers in the Sinisco field don't seem to have issues with droughts.
Besides, you have to till all that land constantly using heavy machinery, which means you either have to rent the equipment and pay someone else to run it, or own it yourself. And at the end of the day, you have to sell the product to someone, and most often it's sold at the border just to cover costs, or sometimes even below cost, and that's where those subsidies come in to save them—not so they can live like kings, which is the story you two are trying to push.
So, I mean, with vacation rentals, people basically just rent them out when they see the cash in hand; they aren't really accounting for much else, just take the money and go. That’s the big difference, I guess—those who own rentals actually manage to sell their product. Not everyone is making crazy money, though. Some are, some aren't, so you might be wrong if you think everyone is just raking in massive piles of cash.
Last year, I spent some time at this one farm out in the Midwest, where they grow hazelnuts on less than 25 acres. This guy... he actually has a nicer car than I do, all sorts of heavy machinery, and his house is huge and really well kept. Honestly, his vacation home feels more like a primary residence than a getaway. He’s debt-free and living the dream. He even helps out his kids financially whenever things get tight.
Basically, it’s doable.
How can you even compare tourism to agriculture? Like, look at Ultra in Split—they hike prices by 200% and fill everything up without having invested a single cent more than what they were charging before. When does that happen in farming? Only when demand outweighs supply (like during a drought when yields drop by 50%). But even then, if there's a shortage, we just import food from other countries, and the local farmers' prices stay stuck right where they were.
I mean, not every city is Split, and not every town has an Ultra. Split is pretty much just now discovering what tourism can do, so during this boom, it feels like everything is top-tier and everyone is swimming in money. But really, it’s mostly just going to the most capable people.
Sure, there’s a decent percentage of people who went bust because they bought unnecessary tractors and combines, or just because of the recession itself, but it really bothered me when someone tried to claim that renting out apartments is harder work or less profitable than farming.
The ROI on the farm I invested in was actually higher than the ROI I could have gotten from tourism. Though, I guess tourism is a way riskier investment overall.