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re: What should I do with my property?
Posted on 2/22/15 at 9:05 pm to MoreLandshark
Posted on 2/22/15 at 9:05 pm to MoreLandshark
Undeveloped property* on the MS Gulf Coast is a loser. Insurance costs have seen to that.
As your basis is conceptually zero, I'd get out. The old neighborhood ain't coming back.
You can make more on reinvesting the proceeds of the sale than the property will appreciate.
*If there was a house on it that was destroyed by Katrina wave action.
As your basis is conceptually zero, I'd get out. The old neighborhood ain't coming back.
You can make more on reinvesting the proceeds of the sale than the property will appreciate.
*If there was a house on it that was destroyed by Katrina wave action.
1
Posted on 2/22/15 at 9:53 pm to soccerfüt
I agree. It does have sentimental value to me though, and I might want to return there one day. So I guess I'll just hold on to it.
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