Ranch sales booming in Texas

www.khou.com Published: July 9, 2014

HOUSTON -- Norm Frede has sold Chevrolets to generations of Houstonians, says KHOU, but his office is decorated with paintings and memorabilia reflecting his other passion: ranching.



“It’s the basis of Texas,” he said. “Land. Land.”

Instead of sinking his money into stocks or other investments, he spends much of his spare time researching, buying and selling ranch land. He figures he owns “between 4,000 and 5,000 acres in Texas” in addition to some ranch land in Colorado and he’s always in the market for more.

Indeed, his son-in-law, a real estate agent named Trey Bonner who deals in ranch properties, dropped by Frede’s car dealership office Monday with aerial images of another promising tract.

H/T: Drudge Report
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