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re: What should I do with my property?
Posted on 2/22/15 at 10:14 pm to MoreLandshark
Posted on 2/22/15 at 10:14 pm to MoreLandshark
Is it in a neighborhood? How is the area around it doing?
Would your dad pay to have the slab removed?
If you can get the slab off of it, and it's not in a neighborhood (i.e. you don't have to worry about cutting the grass) then there is really no cost to keeping the land. Property taxes and maybe a simple liability policy.
I truly don't know what's happening with the coast. I went there a ton as a kid. The casinos have provided jobs and money but have completely destroyed the sound. We used to swim for hours on that beach as a kid, I would not step foot in it now. Yet, over the summer, we spent the weekend at one of the casinos, and it (and it looked like the rest of them) were absolutely packed. And it wasn't cheap to stay there.
Would your dad pay to have the slab removed?
If you can get the slab off of it, and it's not in a neighborhood (i.e. you don't have to worry about cutting the grass) then there is really no cost to keeping the land. Property taxes and maybe a simple liability policy.
I truly don't know what's happening with the coast. I went there a ton as a kid. The casinos have provided jobs and money but have completely destroyed the sound. We used to swim for hours on that beach as a kid, I would not step foot in it now. Yet, over the summer, we spent the weekend at one of the casinos, and it (and it looked like the rest of them) were absolutely packed. And it wasn't cheap to stay there.
1
Posted on 2/22/15 at 10:31 pm to LSUFanHouston
I'm telling you all, the Coast along the beach is dead.
There's much more fallow land than improved and very little present or planned development going on.
As I said, the old neighborhood is not coming back it has been a decade since the storm. The barriers and cost to build again there are higher than they've ever been, further chilling any recovery.
I'd sell and reinvest the money, if you ever wanted to do something there, you will be able to find property there easily and you will make more in the interim.
Non-producing asset? Gone!
There's much more fallow land than improved and very little present or planned development going on.
As I said, the old neighborhood is not coming back it has been a decade since the storm. The barriers and cost to build again there are higher than they've ever been, further chilling any recovery.
I'd sell and reinvest the money, if you ever wanted to do something there, you will be able to find property there easily and you will make more in the interim.
Non-producing asset? Gone!
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