Quote:
Originally Posted by Halfcan
Lots of Hillbilly millionaires on the Planet.
I think I am going to liquidate my portfolio and buy a field full of junk cars and let them sit until some sucker buys them-that will be a great investment when my property tax bill hits in December. 30 cars at $200 a year property tax=$6,000 loss per year on a depreciating assets.
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I am NOT a junk runner. Absolutely the opposite. I'm trying to keep focused on what gives me a return.
However, if you are a junk runner, you don't tag them. And they're also not depreciating if you pay nothing for them.
If you have a field full of $10,000 10 year old cars, yep, you're right. But junk runners don't do that.