I was just giving an example of why the land value:house value ratio is really meaningless unless your only consideration is resale value. Land is what matters to me and I would be happy with a $100,000 cabin on a $1 million piece of property. My wife does not exactly share my view so our land:house ratio will not be so unbalanced.

2 ...

Report Post

Posted by LSUGUMBO

Shreveport, LA

Member since Sep 2005

8546 posts

Posted on 5/21/13 at 8:24 pm to islandtiger

quote:
I was just giving an example of why the land value:house value ratio is really meaningless unless your only consideration is resale value. Land is what matters to me and I would be happy with a $100,000 cabin on a $1 million piece of property. My wife does not exactly share my view so our land:house ratio will not be so unbalanced.

Obviously the ratio doesn't apply in large tracts of land. I guess I should have been more specific to include only residential neighborhood lots.

0 ...

Report Post

Posted by ItNeverRains

37069

Member since Oct 2007

25621 posts

Posted on 5/21/13 at 8:50 pm to islandtiger

quote:
I was just giving an example of why the land value:house value ratio is really meaningless unless your only consideration is resale value. Land is what matters to me and I would be happy with a $100,000 cabin on a $1 million piece of property. My wife does not exactly share my view so our land:house ratio will not be so unbalanced.

I get where you're coming from. The big difference is we're talking prime real estate. As posted by others, you spend 1M on 1000 acres in Breaux Bridge a 100k cabin is fine. The price is irrelevant.

Buy an acre on the harbor in the Hamptons for a mill and build a 100k cabin and you've lost money immediately.

1 ...

Report Post

Money Talk - Replies to Post

Return To Board

Page 1

Return To Board