OT- Texas billionaires buying NE ranch for 56 million
- Thread starter HBK4life_rivals100467
- Start date
Crazy...
Don't get me wrong, I am a free market guy, but it sure feels like we are slowly creeping back towards feudalism. Not sure that's good thing.
Don't get me wrong, I am a free market guy, but it sure feels like we are slowly creeping back towards feudalism. Not sure that's good thing.
Not the folks who just got $56M
The article states " Pawnee Springs Ranch property in the Sandhills region of Nebraska, known for its abundant prairie land. Pawnee Springs is about 15 miles southeast of North Platte". Correct me if I am wrong all you Western Nebraskans, but when I am flying along I-80 aren't the Sand Hills to my North?
Surprised there’s anything left after Jane Fondas husband
if I was a billionaire I'd have a sandhills ranch too, it's peaceful out there.
I drove from omaha to san padre last year...and basicly between okie city and san antonio it's a traffic jam.
I drove from omaha to san padre last year...and basicly between okie city and san antonio it's a traffic jam.
I think the sellers are the Gottsch family, their deceased patriarch Bobby Gottsch started RFD TV and I do think they have some ties to NU, especially in ag education. Not sure about football!
The number of billionaires has roughly doubled in the US over the past decade and totals close to 1,000 people according to some sources. Combined wealth is now over $8 trillion - that's like nearly 30% of the entire US's annual GDP. They can pretty much buy up most of the peaceful/scenic ocean, mountain, ranch, you name-it real estate they want, if they chose to.
There are "fingers" of the Sandhills that extend south of I-80. The Sandhills aren't perfectly rectangular. Having said that, I believe this property is actually east and a little north of North Platte. I work on a nearby ranch every June, helping with branding (and by "helping," I mean that I stay out of the way of the real cowboys, who actually know what they are doing).
$56M for 40,000 acres is cheap. Down here in Palm Beach county there are probably 100+ homes for sale with an asking price of more than $56M.
I'm glad an American bought the ranch.
I'm glad an American bought the ranch.
i looked, and see 27 over 56 mil. with 6 of them over 100 mil plus.. boggles the mind
Patrick Gottsch was the RFD-TV founder. Probably related as they were both from Elkhorn, but Patrick just died a year or two ago.
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Ted Turner still owns 400,000 acres of Nebraska... let's all chip in and buy him out
A 1.74 acre lot in Miami just sold for $68M. Of course there is the private real estate market for the ultra wealthy. Listings are private and hides the identities of buyers and sellers.
This is a nice one for $205M. You don't get to step foot on the property without a certified letter from a bank demonstrating you have more money than several small countries... combined.
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When Warren Buffett says that we paid a SMALLER income tax percentage than his secretary we should all pay attention. There are too many ways for the ultra wealthy in our nation to avoid taxation.
His secretary should pay a smaller percentage then. Not make Buffet pay a higher percentage.
There's literally nothing stopping any of these whiny billionaires who want to be taxed more from voluntarily paying more into the government. So if they're not doing that then it's just grandstanding.
There aren’t amazing loop holes - it’s Capital Gains taxed at a lower percentage. Do you think Capital Gains tax should be more?
This is 100% why any dork that says "I am okay with higher taxes so that we can help out others" is a ******* liar, unless they are chipping in more than they have to at the moment. You can always send in more if you really want to help.
In addition some people clamoring for net worth taxes on billionaires. Most people applaud - it will be a gateway to tax everyone in the future, which should terrify everyone. Especially our great farmers!
100%
If I had to guess, my in-laws are WORTH around $4 million. But its all tied up in land, equipment and livestock. They're definitely not sitting on a pile of cash or liquid assets.
Their 70 year farm house they live in is worth maybe $125k-$150k.
They'd lose everything if they had to pay a federal net worth tax on that $4M. Then guess who would gobble all of that up once it had to be sold?
Nah. Totally normal. The market will sort itself out once AI is fully autonomous and the billionaires can just kill us all off.