Texas Proposition 1

A friendly place for chat, rumors, gossip and jokes.
User avatar
backhoeboogie
smithy
smithy
Posts: 14666
Joined: Mon Jan 16, 2006 9:27 pm
Location: Texas

Re: Texas Proposition 1

Postby backhoeboogie » Wed Feb 21, 2018 1:15 pm

Probably a lot less things thrown away. Fix it or repair shops might come back to life.

It will change the way we live, maybe a little. My granddaddy had every used spark plug he ever pulled out of the truck or tractor. Points too. He never threw it away. We live in a society now that has throw away plates, cups, and silverware. Drink bottles are all up and down the highway and you can't pick them up for a deposit return like we could coke bottles when we were kids.

;Anyway, I am thinking of the positives - maybe
0 x
Our ancestors gave us this. They fought to make it what it is. All we have to do is defend it.

User avatar
Brute 23
GURU
GURU
Posts: 7405
Joined: Thu Apr 19, 2007 7:59 pm
Location: South Texas Gulf Coast

Re: Texas Proposition 1

Postby Brute 23 » Wed Feb 21, 2018 2:07 pm

TexasBred wrote:
Brute 23 wrote:
TexasBred wrote:Let's convert every road in Texas to a tollway since they are maintained by tax money. Make them self supporting. Use them you pay.


That is the point. All this fair share talk... That is the most fair way to do it.

Your right CB. You get these people that like 13 relatives in one cheap house and that's exactly what happens.

15 Mexicans living is a $30K house pay nothing while one old rancher with 1000ac gets taken to the cleaners. Or these old people who built their modest home in 1960 for $30K are trying to pay property taxes on a $500K home just because the neighborhood grew up around them.

Old rancher ain't hurtin'. 1000 acres at any point in time made you a wealthy man for that time period and continued the longer you own the property. Should be worth quite a few millions today compared to that $3-4 an acre he paid for it. Same for the 30k house.


You can't pay bills with "worth".
2 x
Brimmer Pimpin Ain't Easy

"Don't let schooling interfere with your education" - Mark Twain

User avatar
greybeard
Mentor
Mentor
Posts: 16873
Joined: Thu Jul 05, 2012 5:51 pm
Location: Cleveland Tx

Re: Texas Proposition 1

Postby greybeard » Wed Feb 21, 2018 2:28 pm

You can't pay bills with "worth".

Lots of folks don't understand that. Unless one is borrowing against it, selling it, or finding some way to make it produce hard currency, it's just a 'worthless' piece of paper, good only for the appraiser's office.
1 x
"For evil to flourish, all that is required is for good men to do nothing" Burke

It ain't easy being a used cow salesman.

Covet Not!

User avatar
Brute 23
GURU
GURU
Posts: 7405
Joined: Thu Apr 19, 2007 7:59 pm
Location: South Texas Gulf Coast

Re: Texas Proposition 1

Postby Brute 23 » Wed Feb 21, 2018 2:54 pm

greybeard wrote:
You can't pay bills with "worth".

Lots of folks don't understand that. Unless one is borrowing against it, selling it, or finding some way to make it produce hard currency, it's just a 'worthless' piece of paper, good only for the appraiser's office.


Yup, that's the same reason you should not consider your home an investment unless you are willing to sell it.
0 x
Brimmer Pimpin Ain't Easy

"Don't let schooling interfere with your education" - Mark Twain

User avatar
Caustic Burno
Crusty
Crusty
Posts: 22750
Joined: Sun Sep 26, 2004 3:02 pm
Location: Big Thicket East Texas

Re: Texas Proposition 1

Postby Caustic Burno » Wed Feb 21, 2018 3:00 pm

Brute 23 wrote:
greybeard wrote:
You can't pay bills with "worth".

Lots of folks don't understand that. Unless one is borrowing against it, selling it, or finding some way to make it produce hard currency, it's just a 'worthless' piece of paper, good only for the appraiser's office.


Yup, that's the same reason you should not consider your home an investment unless you are willing to sell it.



You add the cost of construction or house note, taxes along with insurance lots of liability a month.
1 x
Mark Twain Quotes. Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.

User avatar
True Grit Farms
GURU
GURU
Posts: 7441
Joined: Mon Jan 04, 2016 5:29 pm
Location: Middle Georgia

Re: Texas Proposition 1

Postby True Grit Farms » Wed Feb 21, 2018 3:46 pm

Caustic Burno wrote:
Brute 23 wrote:
greybeard wrote:Lots of folks don't understand that. Unless one is borrowing against it, selling it, or finding some way to make it produce hard currency, it's just a 'worthless' piece of paper, good only for the appraiser's office.


Yup, that's the same reason you should not consider your home an investment unless you are willing to sell it.



You add the cost of construction or house note, taxes along with insurance lots of liability a month.

Beats renting a place to sleep and eat at.
0 x
If we'd of know this we'd of picked our own cotton.

User avatar
Caustic Burno
Crusty
Crusty
Posts: 22750
Joined: Sun Sep 26, 2004 3:02 pm
Location: Big Thicket East Texas

Re: Texas Proposition 1

Postby Caustic Burno » Wed Feb 21, 2018 3:51 pm

Grit you are renting quit paying the note or taxes see how long your there.
Very few people can write a check for their home, even if they can there still renting the place.
1 x
Mark Twain Quotes. Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.

User avatar
TexasBred
Mentor
Mentor
Posts: 29616
Joined: Wed Aug 15, 2007 1:18 pm
Location: Heart of Texas

Re: Texas Proposition 1

Postby TexasBred » Wed Feb 21, 2018 6:22 pm

Brute 23 wrote:
TexasBred wrote:
Brute 23 wrote:
That is the point. All this fair share talk... That is the most fair way to do it.

Your right CB. You get these people that like 13 relatives in one cheap house and that's exactly what happens.

15 Mexicans living is a $30K house pay nothing while one old rancher with 1000ac gets taken to the cleaners. Or these old people who built their modest home in 1960 for $30K are trying to pay property taxes on a $500K home just because the neighborhood grew up around them.

Old rancher ain't hurtin'. 1000 acres at any point in time made you a wealthy man for that time period and continued the longer you own the property. Should be worth quite a few millions today compared to that $3-4 an acre he paid for it. Same for the 30k house.


You can't pay bills with "worth".

Land rich.....dirt poor. When an asset becomes a liability. You know most people expect assets to appreciate in value when they buy them. They also expect to pay taxes on most. If they didn't take that into consideration don't blame me. Not my fault your 1000 acres won't cash flow or that you have a half million dollar house you can't pay the taxes on. Great time to sale and there are smaller more affordable houses to buy and live in. Being over 70 years old now the lady of the house would probably appreciate a smaller house to take care of.
0 x
A dung beetle walks into a bar, looks around and says "Is this stool taken"????

User avatar
Brute 23
GURU
GURU
Posts: 7405
Joined: Thu Apr 19, 2007 7:59 pm
Location: South Texas Gulf Coast

Re: Texas Proposition 1

Postby Brute 23 » Wed Feb 21, 2018 6:27 pm

TexasBred wrote:
Brute 23 wrote:
TexasBred wrote:Old rancher ain't hurtin'. 1000 acres at any point in time made you a wealthy man for that time period and continued the longer you own the property. Should be worth quite a few millions today compared to that $3-4 an acre he paid for it. Same for the 30k house.


You can't pay bills with "worth".

Land rich.....dirt poor. When an asset becomes a liability. You know most people expect assets to appreciate in value when they buy them. They also expect to pay taxes on most. If they didn't take that into consideration don't blame me. Not my fault your 1000 acres won't cash flow or that you have a half million dollar house you can't pay the taxes on. Great time to sale and there are smaller more affordable houses to buy and live in. Being over 70 years old now the lady of the house would probably appreciate a smaller house to take care of.


The can afford their land. They can't afford to feed the govt. Just because the govt can not get their spending under control does not mean they should lose their land.
2 x
Brimmer Pimpin Ain't Easy

"Don't let schooling interfere with your education" - Mark Twain

User avatar
TexasBred
Mentor
Mentor
Posts: 29616
Joined: Wed Aug 15, 2007 1:18 pm
Location: Heart of Texas

Re: Texas Proposition 1

Postby TexasBred » Wed Feb 21, 2018 6:29 pm

Brute 23 wrote:
TexasBred wrote:
Brute 23 wrote:
You can't pay bills with "worth".

Land rich.....dirt poor. When an asset becomes a liability. You know most people expect assets to appreciate in value when they buy them. They also expect to pay taxes on most. If they didn't take that into consideration don't blame me. Not my fault your 1000 acres won't cash flow or that you have a half million dollar house you can't pay the taxes on. Great time to sale and there are smaller more affordable houses to buy and live in. Being over 70 years old now the lady of the house would probably appreciate a smaller house to take care of.


The can afford their land. They can't afford to feed the govt. Just because the govt can not get their spending under control does not mean they should lose their land.

I forgot it's always the govenment's fault....until you need them.
0 x
A dung beetle walks into a bar, looks around and says "Is this stool taken"????

User avatar
True Grit Farms
GURU
GURU
Posts: 7441
Joined: Mon Jan 04, 2016 5:29 pm
Location: Middle Georgia

Re: Texas Proposition 1

Postby True Grit Farms » Wed Feb 21, 2018 7:12 pm

Caustic Burno wrote:Grit you are renting quit paying the note or taxes see how long your there.
Very few people can write a check for their home, even if they can there still renting the place.



Image
This is a good read, unless you know everything.
1 x
If we'd of know this we'd of picked our own cotton.

User avatar
backhoeboogie
smithy
smithy
Posts: 14666
Joined: Mon Jan 16, 2006 9:27 pm
Location: Texas

Re: Texas Proposition 1

Postby backhoeboogie » Thu Feb 22, 2018 11:59 am

Caustic Burno wrote:Grit you are renting quit paying the note or taxes see how long your there.
Very few people can write a check for their home, even if they can there still renting the place.


I found a farm I want. Been sitting for sale for quite some time. No longer Ag Exempt. As I understand, it will take 5 years and a lot of butt kissing to get the exemption back. In the mean time, it is a huge expense that the cows cannot cover. So I aint buying the place. Neither is anyone else apparently.

From your perspective, my cows can't afford the rent.
3 x
Our ancestors gave us this. They fought to make it what it is. All we have to do is defend it.

User avatar
Brute 23
GURU
GURU
Posts: 7405
Joined: Thu Apr 19, 2007 7:59 pm
Location: South Texas Gulf Coast

Re: Texas Proposition 1

Postby Brute 23 » Thu Feb 22, 2018 1:31 pm

backhoeboogie wrote:
Caustic Burno wrote:Grit you are renting quit paying the note or taxes see how long your there.
Very few people can write a check for their home, even if they can there still renting the place.


I found a farm I want. Been sitting for sale for quite some time. No longer Ag Exempt. As I understand, it will take 5 years and a lot of butt kissing to get the exemption back. In the mean time, it is a huge expense that the cows cannot cover. So I aint buying the place. Neither is anyone else apparently.

From your perspective, my cows can't afford the rent.


I have never heard it takes 5 years to get an ag exemption. That is in Texas?
0 x
Brimmer Pimpin Ain't Easy

"Don't let schooling interfere with your education" - Mark Twain

User avatar
Caustic Burno
Crusty
Crusty
Posts: 22750
Joined: Sun Sep 26, 2004 3:02 pm
Location: Big Thicket East Texas

Re: Texas Proposition 1

Postby Caustic Burno » Thu Feb 22, 2018 1:39 pm

Yep that got passed a few years back.
You let that exception lapse your not getting it back without a fight.
Guy down the road fighting that battle right now. He finally got it me and two other guys had to sign affidavits that we had constantly had the place in hay production.
1 x
Mark Twain Quotes. Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.

User avatar
Brute 23
GURU
GURU
Posts: 7405
Joined: Thu Apr 19, 2007 7:59 pm
Location: South Texas Gulf Coast

Re: Texas Proposition 1

Postby Brute 23 » Thu Feb 22, 2018 1:52 pm

Yup. I'm reading where it says it had to be exempt 5 of the last 7 years. Thats pretty tough.
2 x
Brimmer Pimpin Ain't Easy

"Don't let schooling interfere with your education" - Mark Twain


Return to “Coffee Shop”

Who is online

Users browsing this forum: No registered users and 6 guests