Random Thoughts 17: Here we go again.

[ImJustKCClone]

Sent it over. Not sure if there's a protocol on here about selling stuff.

My wife won't let me bid on the conversation van. Luxury 1998 style!

Thanks!

Two observations:

1) a lot of people place a $1 or $2 bid on items just to store them. Online auction bidding wars usually don't start until the items are getting close to closing. I'm pretty confident she will get quite a bit more than what is currently showing. Lew might bid on it, but he said he would be surprised if it goes for less than $5K. Price for us would have to make allowance for about $2K for flatbed shipping.

2) That auctioneer is out of his freaking gourd if he thinks all of those large equipment items can be collected in a five hour window (noon to 5). Talk about traffic jams...

 

[KnappShack]

Thanks!

Two observations:

1) a lot of people place a $1 or $2 bid on items just to store them. Online auction bidding wars usually don't start until the items are getting close to closing. I'm pretty confident she will get quite a bit more than what is currently showing. Lew might bid on it, but he said he would be surprised if it goes for less than $5K. Price for us would have to make allowance for about $2K for flatbed shipping.

2) That auctioneer is out of his freaking gourd if he thinks all of those large equipment items can be collected in a five hour window (noon to 5). Talk about traffic jams...

Removal is going to be a complete train wreck. The home isn't close to the road. The road in is barely big enough to get one car in.

I bid on a family item. I'm half wondering if it's worth the drive for what will 100% be complete **** show.

It's going to be ugly and sad.

 

[BoxsterCy]

It is hard but yeah it is fairly standard that the seller values everything more than the buyer. We went through at least two large dumpsters clearing stuff out of my grandparent's house. Then we had a small UHaul full of stuff with actual value we took to an auction house.

This is going to be an issue in my mom's family. She values the tie to that land more than least one of her three siblings and has no desire to sell, ever. I would be proud to own it but not split 10 ways with my cousins. Then what we pass it on and it gets split 25 ways to the next generation? Clearly is not sustainable. Sell it to my cousin who is actually farming the land and it still stays in the family. Not to mention this is Tama county and not NW Iowa.

^This. Stepped into a hornets nest talking to a couple of 80-somethings in Cancun about farmland they owned. They were in the never sell "They aren't making more land" crowd and I had suggested selling it. They don't make much money renting it out and once that gets split and split and split between people not farming it doesn't make sense to me. Got a buddy who is adamant about NEVER selling the family farm but there is nobody left in the family that will ever work it and it's already a four-way split and in another generation it will be like an eight-way.

 

[ImJustKCClone]

Removal is going to be a complete train wreck. The home isn't close to the road. The road in is barely big enough to get one car in.

I bid on a family item. I'm half wondering if it's worth the drive for what will 100% be complete **** show.

It's going to be ugly and sad.

Also...12% on top of price goes to the auctioneer? That dude is a hustler...we've been paying 4-5%.

 

[KnappShack]

Also...12% on top of price goes to the auctioneer? That dude is a hustler...we've been paying 4-5%.

That did seem extreme.

This entire situation is why I want my stuff burned or buried. Cast my ashes into the Pacific. No grave.

I'll live in the kid's memories until I'm just a line on Ancestry

 

[BCClone]

The Buell Blast is sitting at $260

Is that a deal? If you need a hayrack, for some odd reason, they have one on like page two. The farm equipment auction is tomorrow where the rest of it would be. I like putting some stupid bids up. Instead of $4.50, I like to go with $4.63, so if I don't get it, the winner has a screwed up number they are paying or it.

 

[BCClone]

^This. Stepped into a hornets nest talking to a couple of 80-somethings in Cancun about farmland they owned. They were in the never sell "They aren't making more land" crowd and I had suggested selling it. They don't make much money renting it out and once that gets split and split and split between people not farming it doesn't make sense to me. Got a buddy who is adamant about NEVER selling the family farm but there is nobody left in the family that will ever work it and it's already a four-way split and in another generation it will be like an eight-way.

I'm 4th or 5th generation depending on which side you go with, family settled around here during the civil war and have officially owned and operated one farm since 1890. If I don't have a kid who is interested in the business, then I would consider selling it myself depending on what the most economical route would be. I want my kids to enjoy their lives, not be tied to something due to something their great great great grandpa did (besides, he was a sailor it says; must not have been too smart if a sailor decided to settle in German Valley, Iowa).

 

[BoxsterCy]

Man, all of the estate and "stuff" talk resonates with me. My mother was a packrat and "collector" so lots of stuff with little to no value (like hundreds of collector spoons). The thing about the collecting is the "collecting" itself, the search and "find". The end collection is missing all of that so it's just sort of useless junk. Plus these were collectable passions of a generation or two ago, nothing that interests peeps today.

The auctionable stuff didn't net much. Some of the top items where things I added, mostly toys from the 1950-1960's and even these weren't as hot as they were. Some Boomers got nostalgic for old toys and were bidding up regular toys from the era a decade or so ago. I could have gotten better prices listing them all individually on eBay but the net difference won't have been worth my time.

One nice thing about living in a big metro, the Craigslist audience is large and it's pretty easy to get rid of some thing's if you price them right. Need to work that more to thin my stuff down more. Next up, the 4-foot round Brown Jordon deck table.

 

[wxman1]

On a gum package "Bubble Gum-Artificial Flavor" No ****?

 

[pourcyne]

On a gum package "Bubble Gum-Artificial Flavor" No ****?

I found once on a can of mixed nuts: "May contain nuts."

 

[pourcyne]

 

[Cyclones_R_GR8]

Is that a deal? If you need a hayrack, for some odd reason, they have one on like page two. The farm equipment auction is tomorrow where the rest of it would be. I like putting some stupid bids up. Instead of $4.50, I like to go with $4.63, so if I don't get it, the winner has a screwed up number they are paying or it.

If it runs it's a great deal

 

[NWICY]

Tomorrow I get to go from clear lake to cedar rapids for a 2 hour meeting. Then to Omaha for a 2 hour meeting. Then back to the clear lake area. It’s going to be a long day. Think I’m actually packing a cooler to have some drinks and other stuff with. Otherwise it’s Taco Bell or gas station food/drinks. Maybe the meetings will be shorter and I can take breaks between.

EDIT: add in that it will be half an hour before and after clear lake also. Then I get to leave early in the morning for state track. Maybe I can pull the auto steer out of a tractor and have it drive me part of the way.

Damn your approaching my long day drives on that one maybe even exceeding it. Grapes are good road food.

 

[NWICY]

My Dad and his siblings have decided to sell off my family's farm land that's been in our family for over 100 years. My Sister is upset about it but doesn't realize the amount of coin its going to take for one of them to buy the other 2 out. So it's fun trying to explain to her exactly how much per acre farm land in Iowa is as she lives in the KC Metro.

Your dad and siblings get along but want to sell now before it gets diluted into the next generation and things get even more difficult? That's the way most of them end. Even if there is a next gen to farm it might work with the current gen as landlords but when they are out of the picture you have to satisfy more people and more diverse views and it's hard to make it stick together.

 

[GMackey32]

Your dad and siblings get along but want to sell now before it gets diluted into the next generation and things get even more difficult? That's the way most of them end. Even if there is a next gen to farm it might work with the current gen as landlords but when they are out of the picture you have to satisfy more people and more diverse views and it's hard to make it stick together.

Nobody in our family has actually farmed it in over 50 years and nobody in my generation are farmers. My Grandpa and now my Dad/siblings just rent out the land to a neighboring farmer. It's a Century Farm and I get the nostalgia for it, but at some point you have to rip the band-aid off.

I did let my FIL and BIL know as they farm. They might bid on it so it would still have some sort of connection to our family name but I'm fully behind my Dad and his siblings getting what they can out of it before everything gets even messier.

 

[NWICY]

That's probably a problem with my Aunt's auction
There's a 57 Chevy. In rough shape, but it's only going for $550 right now.

That'll go up I would think.

 

[NWICY]

Nobody in our family has actually farmed it in over 50 years and nobody in my generation are farmers. My Grandpa and now my Dad/siblings just rent out the land to a neighboring farmer. It's a Century Farm and I get the nostalgia for it, but at some point you have to rip the band-aid off.

I did let my FIL and BIL know as they farm. They might bid on it so it would still have some sort of connection to our family name but I'm fully behind my Dad and his siblings getting what they can out of it before everything gets even messier.

If the renter has been long term I hope they let hem/her have a crack at it. Not a give away but at least give them a heads up.

 

[GMackey32]

If the renter has been long term I hope they let hem/her have a crack at it. Not a give away but at least give them a heads up.

Renter has been the tenant since my family actively stopped farming it. They offered it to them but they have no interest in buying it.

 

[NWICY]

Renter has been the tenant since my family actively stopped farming it. They offered it to them but they have no interest in buying it.

I'll just guess aging out also?

 

[GMackey32]

I'll just guess aging out also?

They hobby farm it anyways. They mostly raise cattle. It's not like we have a large amount of acreage. Only ~160. Someone nearby will buy it, but when its going to cost my Dad or one of his siblings a million dollars to buy the other two out, it's hard to justify that cost/loan when you're in your 60's and 70's.