"Jonathan [Holling] said he has noticed about a 30-percent drop in prices for mid-range horses.
'Four years ago the young, full-of-potential preliminary (horse) was $70,000,' Jennifer [Holling] said. 'Today it's $45,000 or $50,000.' Making a profit, just as with houses, is a waiting game.
'If you can wait a year or two and be patient, you are probably going to get what you want out of a horse,' Jonathan said, 'but you have to continue to feed it, and two years from now nobody is going to buy an intermediate horse that hasn't competed in two years'..."
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