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re: What should I do with my property?
Posted on 2/23/15 at 9:27 am to MoreLandshark
Posted on 2/23/15 at 9:27 am to MoreLandshark
quote:
Someone up there said something about insurance or taxes, but my dad is frugal as hell and he hasn't ever complained about paying taxes or anything on it.
That's a relief. I know my family has some property inland up near Waveland, and the taxes were really low. I wasn't sure about how much they are near the coast. I wish I could afford to purchase a piece of property like that. What do you think you could get for it if you sell it?
2
Posted on 2/23/15 at 9:42 am to kingbob
If they property taxes are manageable then I would keep it. You never know what could happen along the coast in the future.
Posted on 2/23/15 at 9:51 am to MoreLandshark
If you are interested in selling, send me the details.
<===@gmail.com
<===@gmail.com
Posted on 2/23/15 at 11:32 am to kingbob
The property is in Waveland as a matter of fact. My dad has it valued at around 20 thousand.
Posted on 2/23/15 at 11:34 am to broadhead
quote:
If they property taxes are manageable then I would keep it. You never know what could happen along the coast in the future.
Yeah I'm hoping the coast will bounce back in these next few decades. I won't be going any farther than about 10 hours away so I'll probably just hold on to it. If the coast economy ever gets right I may end up living down there again.
Posted on 2/23/15 at 11:42 am to MoreLandshark
Maybe do a little work, talk to a couple of people, and see what a reasonable expectation would be on a price. I doubt it's really worth anywhere near 20K if things are as bad as you and other say they are. There are lots in St Bernard parish that are listed for 5K that are just sitting there.
I don't think there's going to be any major boom anytime soon on the coast, so if you could get a good price for it now, and later on you wanted back in, there should be a time when you can get back in for about what you sold it for.
What does your dad think of all of this? You mentioned sentimental value, is he ok with you selling it? What does he think you should do? That should not be your sole determinent, but it might help focus you.
I don't think there's going to be any major boom anytime soon on the coast, so if you could get a good price for it now, and later on you wanted back in, there should be a time when you can get back in for about what you sold it for.
What does your dad think of all of this? You mentioned sentimental value, is he ok with you selling it? What does he think you should do? That should not be your sole determinent, but it might help focus you.
Posted on 2/23/15 at 11:44 am to LSUFanHouston
It's his until I graduate, which is a few years away. But he said do whatever with it. He would help me sell it or do whatever really. It's sentimental to me, not him. He's over in Texas now he doesn't really care for it
Posted on 2/23/15 at 11:59 am to MoreLandshark
cut me a deal. I'll take it off your hands.
Posted on 2/23/15 at 12:24 pm to MoreLandshark
My family still has propert a few houses off the beach there as well, they said I am free to build a house on it but I can't afford to.
I am looking to get something behind the rr tracks in Waveland near some other relatives. I really like it over there and find it a great easy vacation spot.
I am looking to get something behind the rr tracks in Waveland near some other relatives. I really like it over there and find it a great easy vacation spot.
Posted on 2/23/15 at 1:40 pm to MoreLandshark
quote:
The property is in Waveland as a matter of fact. My dad has it valued at around 20 thousand.
So is it just an empty, overgrown slab on South Beach Blvd?
Posted on 2/23/15 at 4:48 pm to kingbob
I forget the street name but it's near coleman
Posted on 2/23/15 at 6:36 pm to MoreLandshark
I'm still a solid vote for sell.
Unless property is Beachfront in Waveland, Bay, Pass, or Long Beach the value of it is not going to appreciate faster than the properly invested sale proceeds will in a mutual fund over the next ten or more years.
It is simply supply and demand, there is a huge amount of fallow land there for a reason. No demand. Insurance costs, building costs, high taxes on IMPROVED property, average public schools, having to live up in the air in a raised structure, little population density (lack of a neighborhood feel) etc...
Unless property is Beachfront in Waveland, Bay, Pass, or Long Beach the value of it is not going to appreciate faster than the properly invested sale proceeds will in a mutual fund over the next ten or more years.
It is simply supply and demand, there is a huge amount of fallow land there for a reason. No demand. Insurance costs, building costs, high taxes on IMPROVED property, average public schools, having to live up in the air in a raised structure, little population density (lack of a neighborhood feel) etc...
Posted on 2/23/15 at 6:45 pm to soccerfüt
This is why everbody wants to be in majestic Ocean Springs.
Posted on 2/23/15 at 7:00 pm to Teddy Ruxpin
Agreed, not bad. As I recall your mayor wasn't afraid of a little drinky and was a bit more fun in that state....
Posted on 2/23/15 at 9:55 pm to broadhead
quote:
If they property taxes are manageable then I would keep it. You never know what could happen along the coast in the future.
This.
Plus you are young dude
Posted on 2/23/15 at 10:28 pm to soccerfüt
yup
Posted on 2/23/15 at 10:58 pm to Teddy Ruxpin
My 3 favorite cities in The Sip are Madison, Ocean Springs, and Oxford.
Posted on 2/24/15 at 9:06 am to matthew25
I'd sit on it, if the prop taxes are low. Why not? It's not costing you more than a couple of lunches. Who knows what the next 25-30 years will bring on the coast?
Posted on 2/24/15 at 11:25 am to matthew25
quote:
My 3 favorite cities in The Sip are Madison, Ocean Springs, and Oxford.
That list makes a lot of sense. The logic is sound
Posted on 2/24/15 at 3:36 pm to Teddy Ruxpin
This post was edited on 2/24/15 at 3:57 pm
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