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Message
re: Spinoff- who is the richest person in Louisiana ?
Posted on 4/13/19 at 8:43 pm to Dellybelly82
Posted on 4/13/19 at 8:43 pm to Dellybelly82
quote:
You’re missing my point, my rich and your rich is different. It depends on what you value more, I value land more then pieces of fiat currency.
Oh, in that case I am the richest person in the world. I have a healthy child and a roof over my head.
Tell your friends.
1
Posted on 4/13/19 at 8:44 pm to fallguy_1978
I’m not arguing whether it can be taken, anything can be taken depending on circumstances. We are speaking of value, I value land more than currency of any kind.
Posted on 4/13/19 at 8:45 pm to fightin tigers
quote:
Oh, in that case I am the richest person in the world. I have a healthy child and a roof over my head.
I’m speaking in terms of capital
Posted on 4/13/19 at 8:46 pm to Dellybelly82
Do you know what that means?
Posted on 4/13/19 at 8:46 pm to Dellybelly82
quote:
I’m speaking in terms of capital
My terms of rich and yours are different.
Don't disagree with me.
Posted on 4/13/19 at 8:47 pm to Dellybelly82
quote:
I value land more then pieces of fiat currency.
Cash is king
Money makes the world go around.
Not land
Although a I agree with you, owning large acres of property is the american dream and I would love to own a couple hundred of my own one day, but to think some guy that has a few 10k acres in Franklin Parish in some family trust or land Corporation even falls in the top 20 of wealthiest people in Louisiana is just foolish
Posted on 4/13/19 at 8:47 pm to Dellybelly82
quote:
We are speaking of value, I value land more than currency of any kind.
your lands value is directly tied to the currency you hate
land being productive is giving you usd, thats it.
Posted on 4/13/19 at 8:47 pm to Dellybelly82
quote:
I’m speaking in terms of capital
What kind of capital?
I am a trillionaire of emotional capital
Posted on 4/13/19 at 8:49 pm to Dellybelly82
Is there oil or gas under that land?
Posted on 4/13/19 at 8:49 pm to Dellybelly82
quote:
I’m not arguing whether it can be taken, anything can be taken depending on circumstances. We are speaking of value, I value land more than currency of any kind.
I'm just giving you shite. My family owns tons of property in Central/Pride. Of course it's generally a decent investment but it's certainly not the best one anymore unless you just happen to hit a real estate bubble or a mineral jackpot.
Posted on 4/13/19 at 8:50 pm to BurningHeart
We’re speaking strictly in economic terms here, we aren’t at an aa meeting.
Posted on 4/13/19 at 8:50 pm to MrLSU
quote:
Sazerac Company (America’s largest distiller)
I thought Brown-Forman was the largest American owned. Either way, both have principal offices in Louisville and make a shite ton of alcohol.
Posted on 4/13/19 at 8:52 pm to Dellybelly82
How much currency does that land produce each year for your friend?
Posted on 4/13/19 at 8:52 pm to Dellybelly82
quote:
We’re speaking strictly in economic terms here, we aren’t at an aa meeting
Posted on 4/13/19 at 8:53 pm to fallguy_1978
Unless your land is making money in some fashion, you just get eaten alive in property taxes over a long period of time. You can own thousands of acres and it doesnt mean shite if all you do is pay taxes on it
Posted on 4/13/19 at 8:53 pm to tgrbaitn08
quote:
Is there oil or gas under that land?
My dad has held on to his father's land in Pride because it's in the Austin Chalk. Paw paw had offers to drill on it for years and turned them all down
Posted on 4/13/19 at 8:53 pm to Dellybelly82
Minerals are just an extra bonus to the land but they can be exhausted. The real value in land is the top soil ( productive land).
Posted on 4/13/19 at 8:55 pm to FightingTigers138
quote:
3bil in Rev probably ranges between +300 mil to -100 mil per year before taxes in net income/loss per year, in that business.
yeah, i work for one of their competitors. really helps when you have lots of big T&M jobs and gravy maintenance contracts like they do. on most lump sum jobs, 10% profit is about the norm. overhead is massive though
This post was edited on 4/13/19 at 8:57 pm
Posted on 4/13/19 at 9:00 pm to Dellybelly82
I don’t own an acre of land but if I had the choice, that’s what I would want. I believe in this world it’s the only way to be your on master and standing on your on 2 feet. I’m not talking about any kind of financing because your just a slave again. In an ideal situation, I think that’s what makes a human human. We’ve been tied to it for millions of years.
Posted on 4/13/19 at 9:01 pm to fallguy_1978
quote:
Paw paw had offers to drill on it for years and turned them all down
Why?
quote:
the Austin Chalk
I haven't heard of much of anything in oil and gas, so this doesn't mean much, but I've never heard of that.
I know there was an oil well off of Greenwell Springs road (near the Thruway) 20-30 years ago, but I never heard that it produced very much. Is that related to the Austin Chalk?
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