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re: What should I do with my property?
Posted on 2/23/15 at 6:36 pm to MoreLandshark
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.
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