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Old 08-25-2017, 07:56 AM
 
Location: Forests of Maine
29,722 posts, read 47,483,706 times
Reputation: 17565

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Quote:
Originally Posted by otterhere View Post
I might've been confusing TMND with the chapter on old money in Paul Fussels's "Class." At any rate, I gleaned lessons from both and have lived accordingly. Now I'm financially independent, and my friends consider me "lucky." Luck has nothing to do with it; choices have everything to do with it.
'Luck' is an interesting term that I have had to wrestle with myself.

I was 'lucky' to have chosen to stay in a career that offers a 20-year pension.

I was 'lucky' to have chosen to buy apartment buildings instead of Single-Family-Residences for my family to reside in.

I was 'lucky' to have selected a wife that enjoys Home-Ec and practicing frugal living.

I was 'lucky' to have selected each month to invest by paying down our mortgages every month, instead of spending that money on our lifestyle.

Now as retirees, we often feel awkward when our life long frugal habits make us unable to spend money freely. We do not enjoy spending money. We tend to discuss each expenditure, analyzing each expense for both it's tax deduction value and for any future profit value.

It has taken a great deal of effort to train ourselves to be this lucky.
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Old 08-25-2017, 07:58 AM
 
Location: Forests of Maine
29,722 posts, read 47,483,706 times
Reputation: 17565
Quote:
Originally Posted by Perma Bear View Post
And people bought a hundred acres in Cupertino in 1913 for pennies on the dollar.
"pennies on the dollar" I do not doubt that it.

I did not spend pennies on the dollar though, I merely bought forest land at normal market value.
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Old 08-25-2017, 07:58 AM
 
Location: Northern NJ
7,405 posts, read 7,360,683 times
Reputation: 10609
Quote:
Originally Posted by hitpausebutton2 View Post
So just proves the rich isnt spending at all, just hording and not helping anybody..

https://www.yahoo.com/finance/news/a...194733308.html



So instead of giving their employees raises or going out and buying things to help a company keeps their employees.. they are hording their money..


I don't think a wealthy person is obligated to spend money unless he needs something that the money will buy. Same as a non-wealthy person. A wealthy person does not owe his wealth to those that do not have it. Therefore, I prefer a policy that gives all citizens the freedom to keep the money they earn and own, and spend as little or as much of it as they like.
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Old 08-25-2017, 08:03 AM
 
4,310 posts, read 2,446,977 times
Reputation: 2424
Quote:
Originally Posted by Submariner View Post
"pennies on the dollar" I do not doubt that it.

I did not spend pennies on the dollar though, I merely bought forest land at normal market value.
Years ago. That's my point.
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Old 08-25-2017, 09:06 AM
 
7,080 posts, read 3,778,159 times
Reputation: 10569
Quote:
Originally Posted by Submariner View Post
'Luck' is an interesting term that I have had to wrestle with myself.

I was 'lucky' to have chosen to stay in a career that offers a 20-year pension.

I was 'lucky' to have chosen to buy apartment buildings instead of Single-Family-Residences for my family to reside in.

I was 'lucky' to have selected a wife that enjoys Home-Ec and practicing frugal living.

I was 'lucky' to have selected each month to invest by paying down our mortgages every month, instead of spending that money on our lifestyle.

Now as retirees, we often feel awkward when our life long frugal habits make us unable to spend money freely. We do not enjoy spending money. We tend to discuss each expenditure, analyzing each expense for both it's tax deduction value and for any future profit value.

It has taken a great deal of effort to train ourselves to be this lucky.
Right? And I worry about this, too (being unable to spend money one day); after all, I want to die broke! Not only has thrift become a habit, it's become a hobby!
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Old 08-25-2017, 10:21 AM
 
Location: Forests of Maine
29,722 posts, read 47,483,706 times
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Quote:
Originally Posted by Perma Bear View Post
Years ago. That's my point.
I bought this place in 2005.

The parcel adjacent to our South was bought last year [2016] for $500/acre. The parcel adjacent to our West has been on the market since before I bought, they are asking $300/acre, and have been for 12+ years.
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Old 08-25-2017, 11:50 AM
 
4,310 posts, read 2,446,977 times
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Quote:
Originally Posted by Submariner View Post
I bought this place in 2005.

The parcel adjacent to our South was bought last year [2016] for $500/acre. The parcel adjacent to our West has been on the market since before I bought, they are asking $300/acre, and have been for 12+ years.
Links or It's annecdotal
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Old 08-25-2017, 11:59 AM
 
Location: Forests of Maine
29,722 posts, read 47,483,706 times
Reputation: 17565
Quote:
Originally Posted by Perma Bear View Post
Links or It's annecdotal
The normal price of land is annecdotal?
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Old 08-25-2017, 12:12 PM
 
Location: Omaha, Nebraska
6,297 posts, read 3,474,966 times
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You can certainly buy prime farmland/ranchland here for between $1,000-$2,000 an acre:

319 acres | Farm for Sale | Garden County, NE | Land And Farm (Do the math; this is coming in a bit under $1,000/acre)

Nebraska Land for Sale - 1,128 Listings | Land And Farm
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Old 08-25-2017, 01:00 PM
 
4,310 posts, read 2,446,977 times
Reputation: 2424
Quote:
Originally Posted by Aredhel View Post
You can certainly buy prime farmland/ranchland here for between $1,000-$2,000 an acre:

319 acres | Farm for Sale | Garden County, NE | Land And Farm (Do the math; this is coming in a bit under $1,000/acre)

Nebraska Land for Sale - 1,128 Listings | Land And Farm
Hence the thousands.
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