That is crazy, TX TIBBS. And I was going to sell Snickers last summer. I had him sold for $1500, but our daughter threw a fit. I thought our grandson was ready to move up, but she says he can do anything he needs to on Snickers and she doesn't have to worry about it.
Old horses might cost a little, but they are still cheaper than broken bones.
I would caution those looking to buy an old horse to make sure of his physical condition. When our daughter was little, a good hearted guy gave her a 35-year old Welsh cross. Those horses live forever. It wasn't long, though, before the old pony was falling down. That is dangerous. So make sure the horse is capable of having kids ride him. If there is some arthritis, and there usually is, things like Legend, Adequan, etc. can do them A LOT OF GOOD. There are things out there that will sure make an old horse feel better.