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In reply to the discussion: It's past time to end the "pony envy" [View all]Blanks
(4,835 posts)It is my understanding that folks that own horses as a business get to claim a loss for longer than most businesses. This makes sense because I'm sure it takes a long time to get established in the industry.
My aunt always had horses when I was young, and my wife's grandfather used to raise draft horses. So we're both kind of used to being around horses.
I have horses just because they keep the grass on our parcel nice and short. We have saddles, but we rarely ride them. I go out and feed them every day and interact with them, they're just like big dogs that eat grass to me.
I don't know that anyone who has a horse has to be a lot wealthier than anyone else, but it's like owning a pool; they require a lot of time and upkeep for some benefit. In the end; it's a lifestyle choice. I expect I'll have horses until I can't afford to.
I certainly don't begrudge horse owners anymore than I do people with a swimming pool or even a bass boat. It's just something you choose to do.