Posted on 05/09/2024 4:25:51 AM PDT by del griffith
Tom Selleck is worried he will no longer be able to afford his plush 63-acre ranch once “Blue Bloods” comes to an end this winter.
The beloved actor, 79, has been starring in the popular CBS crime drama as the fictional New York City Police Commissioner Frank Reagan since 2010.
(Excerpt) Read more at nypost.com ...
“63-acre ranch.” LOL.
He's owned it for 36 years? I hope he's not still making mortgage payments. Is the issue just property taxes?
Also, some people have "a ranch" which actually generates a profit. If your ranch just sucks money out of your bank account, then you may be doing it wrong.
His wife has been begging for him to retire.
13% State Income taxes, property taxes, insane laws, illegals, etc. No place left for conservatives in CA. Thousand Oaks, CA was a paradise until recently. Some Chinese spy or son of a cartel member would pay nicely for his house, then he can move to a free state.
> Isn’t this where a reverse mortgage, like the one he is a spokesperson for, comes in? <
Ha, good one. You of course lose equity when taking out a reverse mortgage. Plus the loan comes due when pass away or leave your house. “Leave your house” could be for as little as 30 days. So let’s say you’re hospitalized for an extended period of time, more than a month.
When you return home, you’ll find a letter demanding the loan be repaid. Seniors who don’t have the ready cash are often forced to sell their homes. It has happened.
Maybe Tom doesn’t want to take that chance.
Yes, quite a few variations of the definition, but according to Oxford.... “noun
1.
a large farm, especially in the western US and Canada, where cattle or other animals are bred and raised.
“a beef cattle ranch”. I’m guessing in Selleck’s case it’s a sprawling estate which real estate agents sell as a “ranch”. Maybe has a couple horses.
If a major box office earning actor for 50 years stands to effectively “lose his house” if he loses his current job, at 79 years old, well, he’s bad with money and has not lived within his means. I think less of him upon hearing that. No excuse.
A friend of mine owns a 600 acre ranch near Orlando FL that he bought when the orange groves froze out in the early 1980’s. He keeps about 100 cattle free range just to get the savings on real estate taxes for farms. He couldn’t afford it otherwise.
Like many farmers, land rich, cash poor.
That was what I thought as well. Don’t know anything about him personally, which these days, is not a bad thing.
If he is a conservative, he wouldn’t be the first one to manage his money poorly.
That said, while it is true that California is doing all it can to bleed every cent out of of all people who actually work hard enough to make money, if you frame it the way you did, it sure does sound like he doesn’t have a tax problem as much as a money management problem.
Same issue with a friend, she left the Orlando area because of the suburban sprawl, she likes to be out of the city mess.
His plush 63-acre ranch can become a 63-acre marijuana growing operation for the cartels.
“ If he is a conservative, he wouldn’t be the first one to manage his money poorly.”
What kind of a statement is this?
> well, he’s bad with money <
Out of curiosity, I looked it up. Selleck is on his second wife. Perhaps the divorce settlement was a doozy in the first wife’s favor, with a claim to part of all future earnings.
Just a guess.
Alimony is screwing you’re getting for screwing you got.
1761 Portrero Rd, Thousand Oaks, and you are correct, I remember when he bought it and have been there. Sounds like he pissed away all his money, but I doubt it.
Read in one of the comments that he supports his daughter in her hobby - competitive equestrian. She attends events with Bill Gates’ daughter - costs millions.
There was an article on TMZ explaining that statement was more a reflection of his desire to keep working than fear of literally losing the ranch. It also went into some detail on the actual financing if anyone is interested.
I think it is pretty straightforward. Don’t you know any conservatives who have managed their money poorly?
I sure do. Management of money is not something that comes from conservative mother’s milk. It has to be learned, and conservatives, being human beings with different capabilities and skills, don’t all take to it like ducks to water.
What did you think I meant?
When you return home, you’ll find a letter demanding the loan be repaid. Seniors who don’t have the ready cash are often forced to sell their homes. It has happened.
Absolute pure, unadulterated bullshit.
That statement is as dumb as anything that biden has ever said.
I will bet you TWO HUNDRED DOLLARS, to be paid to FR that you cannot provide a single documented piece of evidence that a person that was in the hospital for six weeks {that is more than a month} ever were forced to sell their homes.
You don't even have the slightest concept of how the reverse mortgage works.
The mortgage company pays the individual a monthly amount for the length of the mortgage, even if you are in the hospital.
There are stipulations, you must pay the taxes and the insurance and keep the house in good repair.
I have had a reverse mortgage for over 10 years, the checks come in every month {no taxes on the money} and they pay even when I'm at my son's lake house for two months in the summer.
Take the bet. It has NEVER happened.
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