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Tractor Talk Discussion Board

Re: How do they afford it????


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Posted by s.crum on December 29, 2013 at 18:17:07 from (67.142.181.25):

In Reply to: How do they afford it???? posted by samn40 on December 29, 2013 at 18:01:59:

Saw many new and expensive homes go up and many
new diesel dually pick ups on the road a few years
ago in the gas lease feeding frenzy. Seems many
who leased got a chunk of change in their pocket
and believing there was no end, went to spending
it like a drunken sailor. Then reality hit, gas
prices plummeted and the wells that were drilled
are plugged and the gas company said see you when
it's profitable to extract the gas and build the
infrastructure to support it. (read this to mean
likely your kids or grand kids might benefit if
you don't lose the property to the tripling of
your taxable assessment) or die of old age.


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