Theres a fancy one north of me here, round horse exercise house, up on Rt 40, its someone who can't figure out what to do, sensible like, with their money, they bought a dairy farm and put up a new stable, of course theirs is open, the round house, very fancy too, they probably just head south for the winter.
I hate to criticize the equestrian world, hunters, jumpers and all that, lets just say I tend to agree with you. I've watched this phenomenon since, before school age, and I've never seen much good come from it financially or otherwise. Few years back at our place, not a dime to fix a darned thing, the help.... lets not go there LOL, not one light working on any tractor, one barn completely dark still, too much snow on it, threatening to collapse, up to your @rse in hock with the hay guy, ice everywhere, snow so deep you can't even turn em out, so they get unruly and want a piece of your hide every time you handle one, your best prospect is on the threshold of colic so bad he has to go to Cornell, huge vet bill and a loss if they have to open him up, never right after that, a 24 hour day shift by the time you get back, snow every other day, frozen pipes, have to pay someone to ride them and the list goes on, I may not be the brightest person on the planet, but it would take a darned fool to think this is worth doing in any capacity, unless you burn money like cord wood! Well they have turned things around there quite a bit, but its never like that when I am involved, and I don't see the value in any of it, one of the single most aggravating jobs I have ever had, at an age where it was becoming impossible to do the work any more. Some people love it and would be offended by what I said LOL !
Isn't insanity described by repeatedly doing the same thing over and over, but expecting different results every time ???? LOL .... sounds familiar. LoL.