3 ms·

but it hasn't been burnt down yet. A better analogy is that of a tree. You expect your planted tree (sapling) to be fully grown by 10 yrs time, and right now i

by chii 4y ago

but it hasn't been burnt down yet. A better analogy is that of a tree. You expect your planted tree (sapling) to be fully grown by 10 yrs time, and right now it's a sapling. Unfortunately, more recently planted saplings are growing up faster, and thus, result in more wood (presumably it's grown for wood) earlier than your sapling planted a few yrs ago. Therefore, a sapling from a few yrs ago is not worth as much future wood _right now_. But if you waited for the sapling to finish growing, you'd get back the amount of wood you originally expected. but if you chopped the sapling down today for the wood, you'd get far less.

amluto 4y ago
And since you bought that tree by borrowing money at a variable and now higher rate, you need more wood to break even.
hattmall 4y ago
But you have to balance the idea of should you cut your sapling down and use the space to plant the faster growing trees because you will ultimately get more wood. Those failing now are the groups that didn't cut the trees soon enough. It's a competitive environment and even faster growing trees may be coming. Waiting is not a viable option in many cases.