Buying Land

[Sky King]

This should be in a new thread.
As long as it doesn't end up like Canadians debacle health care. It should be like Medicaid which is everything is paid & way better than Medicare which isn't fair to people who have worked & paid for decades.

 

[Sky King]

This lot sold on eBay last night with no closing cost or document fee with a warranty deed for $415. eBay item number:405449034132​

LAND * MOBILE HOMES & TINY HOMES ALLOWED * HARDY, ARKANSAS​

Credit Cards Accepted! No Fees! No Closing Costs!

landingdeals_everyday

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US $415.00
8 bids
Ended
Condition:
--not specified

“WE'RE LANDING DEALS, EVERY DAY!”

 

[LargeMarge]

...In the states [bumblebrats sexually assault] you with property taxes...

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That is their motive?
Perverts!
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a)
Sacramento California suburb.
Purchased in the 1970s, we own a 4/3 two-story in a rare 'peaceful' neighborhood.
Your 'perverts' sexual assault us nearly twelve grand fedbux (us$12,000) annually to own it.
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We just paid our December semi-annual sexual assault at close to six grand fedbux for the pleasure of owningship.
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And I admit, as delightfully seductive a pleasure as that is, it might be on the verge of losing its luster.
If we are able to find a buyer, we will get an additional sexual assault for our unconscionable [warning : rhetoric-rant words] 'profit-taking' in the approximate amount of us$440,000.
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I think we can all agree, that is a lot of one-time sexual assault on top of the other regular twice-a-year sexual assaults.
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b)
The value of a place is based on its desirability.
In Venezuela, with their significantly lower crime levels after all the criminals were forcibly 'migrated' northward, I presume a place in Venezuela might seem affordable compared to an American home... especially an American home in an area without infringement(s) on that which "...shall not be infringed...".
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I think part of the reason for [warning : inflammatory words] 'sky-rocketing' property prices by [caution : more inflammatory oratory] 'price-gougers' is the importation of sixty million ILLxGxLS directly competing against Heritage Americans.
Many ILLxGxLS want to participate in the AmericanDream© of home owningship.
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Some don't, of course.
Some ILLxGxLS are here just for the opportunity to own that which "...shall not be infringed..." to prevent the aforementioned sexual assault by tax-craving bumblebrats.
For a lot of freedom-loving individuals, this's major component of any decision.
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Not me, of course, but I presume it is for some.
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keyword : three million hindoos permanently imported by Musk and Rama-Swami on the h1b visa scam
(That right there accounts for an additional six houses gobbled by those derned ferriners.)

 

[rruff]

Sacramento California suburb.
Purchased in the 1970s, we own a 4/3 two-story in a rare 'peaceful' neighborhood.
Your 'perverts' sexual assault us nearly twelve grand fedbux (us$12,000) annually to own it.

It will be a lot more for new buyers. CA passed Prop 13 in '78 which rolled back tax rates for existing home owners to 1%/yr at '76 assessed value and then limited increases to 2%/yr even if the value went up much more. For instance, if you paid $40k for a property in '76 your tax rate in '78 would be .01 of that or $400/yr. In '79 it would be .0102 of $40k, or $408. Values were increasing rapidly in CA at this time so the tax rate vs actual value would kept dropping. However, anyone buying a house would be assessed at the actual value.

Back in the 80s when I bought a hovel in Glendora CA for $93k, I was surprised to learn that guys with fancy houses in the hills worth 3x as much, were paying less in property taxes than I was...

This was a fantastic bit of propaganda on the part of uber-rich land owners to get Prop 13 passed... basically locking in low tax rates forever, and sticking it to newcomers. Good job!

Unless you are of the mind that "all taxes are theft!" and readily support the most rabid capitalists... it doesn't make much sense to bitch about property taxes. And laws like Prop 13 really should be illegal. It makes far more sense to assess on actual value and simply lower the rate for everyone if property values rise rapidly. If you are so "land rich" and yet so poor that you can't afford the tax, a bank would be happy to loan you the money to pay it...

If we are able to find a buyer, we will get an additional sexual assault for our unconscionable [warning : rhetoric-rant words] 'profit-taking' in the approximate amount of us$440,000.

I don't know your details and I'm not up on the intricacies of capital gains taxes on property, but figure you are still netting >$2M in profit though... a tidy sum. I didn't know you were so rich!