I don't have a problem with grade horses, but I would probably never buy one for myself simply because the resale value just isn't there. Even if you aren't looking to turn a profit, if the horse doesn't work out for whatever reason, you want to be able to recoup at least some of what you put into the horse. Just makes better financial sense to me.
I'm on my phone at the moment, so I can't see the pictures well, but when I get home I'll take a look.
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