Planning on dropping Health Insurance. Change my mind.

[ultrarunner]

I have seen how some family Real Estate dynasties work... well, on a small scale.

One is always refinancing when rates drop.

They bought an old defunct grocery store for 1 million in 1993 and offered very attractive NNN lease for 10 years plus option for another 10... a business went in and spent several million on the 2 acre site...

It is NNN so the renter pays everything.

Last year the owner refinanced for the 4th time in 21 years... they waited until the rent roll was property aged in 1996 to pull out equity the first time and now with the new 10 year least in place pulled out equity again...

Right now they have pulled out tax free 13 million dollars from that 1 million investment... as the property is Tripple Net... all the debt service, taxes, etc are more than covered by the 50 monthly rent...

 

[Fuddy1952]

Another story.
Years ago here we had a small outdoor goldfish pond that a bullfrog had gotten into. I decided to catch him in a 5 gal. bucket and walk him down to a neighbor's pond about 1/2m. away. I knew he had angus cows...no big deal.
As I'm walking down the pasture I hear something charging down behind me snorting, I turn around and there's an unpolled black BULL pawing the ground snorting. I look around, no trees and I can't run 50mph.
I remember growing up two guys we knew were killed by bulls. Then I thought only one way out, don't panic and slowly walk over to him with the bucket lowered. I got up to him, talking calmly, he looks in bucket, bullfrog looks up and croaks( no...not die...the sound). The BULL trots off I go to the lake and back home.
Later I thought being calm and a diversion was what saved me.

 

[D2Cat]

No, the bucket is what saved you. Most cattle are accustomed to getting some range cubes and they get dumped in the food trough with a bucket. He though you had a treat for him and got him off track. He may have been coming over to you with such enthusiasm because of the same reason, not to stomp on you! Regular feeding is a method used to control animal behavior, like calling them in when they get out, or relocating pastures.

 

[ultrarunner]

Yep... my 6 year old brother was around the first week the cows went to pasture after being inside all winter... he was barefoot and cut across the pasture.

Everyone saw what happened next... one of the cows starts charging after him and we are all thinking the worst... even my uncle who spent his life dairy farming...

We all had pole sticks... people are yelling... my 6 year old brother stops cold and stands his ground the cow keeps coming head down... he takes that wood pole and cracks it right between the cows eyes and horns and steps to the side... pole shatters into pieces... the cow stops cold and my brother continues on... everyone was quite excited... he answers I had the stick!

 

[KubotainNH]

We do use the equity in our home. We have a home equity loan with a large limit. We use it for large purchases when necessary, and pay it off quickly. The only reason we do it is because it's considered a mortgage. Our county has a property tax mortgage exemption. That means, if you have a mortgage, you pay about half on your property taxes. The interest we pay on the balance of the home equity loan is always less than the amount we are saving in property taxes. It is the only time in my life where I feel I am making out ahead of "the system". :laughing:

Wow, I'd like to pay only half my property taxes. No deal like that here. They will drop it some when at retirement age, I've got a ways to go for that.

 

[kcflhrc]

The problem I see with people dropping Health Care is in the end, someone else, us, have to pay for it.

 

[BrokeFarmerJohn]

Yep... my 6 year old brother was around the first week the cows went to pasture after being inside all winter... he was barefoot and cut across the pasture.

Everyone saw what happened next... one of the cows starts charging after him and we are all thinking the worst... even my uncle who spent his life dairy farming...

We all had pole sticks... people are yelling... my 6 year old brother stops cold and stands his ground the cow keeps coming head down... he takes that wood pole and cracks it right between the cows eyes and horns and steps to the side... pole shatters into pieces... the cow stops cold and my brother continues on... everyone was quite excited... he answers I had the stick!

Oh my gosh that would be scary.

I have put some thought to it and considered getting rid of the cattle if I have kids, not until they were a bit older and I could trust they wouldn’t put themselves in that kind of situation with my cattle. I get nervous when adults not used to cattle enter my pasture while I’m back there. You never know what cattle will do and they can cause some serious damage.

I’m a big dude and got caught between a bull that got stupid and a steel fence behind me, he kept ramming and pushing me back towards the fence, I eventually just kicked him in the head on the hard part of his skull for him to stop, then acted like I was charging him and ran after him for him to run away and leave.

He was a great bull but he got stupid a few times when the neighbors heifers were in heat. And I was the one person he trusted the most! No telling what he would do to a stranger.

 

[Fuddy1952]

No, the bucket is what saved you. Most cattle are accustomed to getting some range cubes and they get dumped in the food trough with a bucket. He though you had a treat for him and got him off track. He may have been coming over to you with such enthusiasm because of the same reason, not to stomp on you! Regular feeding is a method used to control animal behavior, like calling them in when they get out, or relocating pastures.

I guess I'll never know. I knew the neighbor who had him and to my knowledge never fed him, he just grazed, then neighbor put out round hay bales in winter.
That day his head was down, pawing the ground, seemed very agitated.

 

[ultrarunner]

The park district share land with cattle and hikers...

Some are quite upset so the cattle ranchers fenced off an acre to prevent grazing... it was out of hand in no time and proved their point that grading reduces fire danger and costs...

The park cattle seem content but then they see people all the time walking through the extensive parklands...

 

[goeduck]

. Our county has a property tax mortgage exemption. That means, if you have a mortgage, you pay about half on your property taxes.

Excellent for you but that has to be about the stupidest thing I ever heard of. I bet the mortgage industry was behind that initiative.

Oh wait... we have a tax structure that says you pay LESS income tax if you have MORE kids using social programs, schools, etc.