Lower river sludge
Active Member
- Joined
- Oct 27, 2019
- Messages
- 43
- Reaction score
- 68
Taxes used to be peanuts but this $145 assessment made us rethink things. Probably will be worth something eventually but I don't have kids and my brother doesn't want it. But yeah, pops has paid more than it's worth it taxes a couple times overwait, your dad has paid taxes for 53 years on that lot?
When we were kids my dad bought a way off water lot at Lake Holiday in Illinois, every summer we had to clear the saplings and weeds, he never built anything on it.
Fast forward 15 years it sold for $700. I have no idea how much weed abatement and taxes cost for those 12 years after we moved to California. I think getting it mowed with a tractor cost about $200. a whack... and had to be done a few times per year.
I like the stories of the old river rats I hung out with about buying lots at lake Havasu, some on the golf course, for a song. (and never building on them) most sold during the 2004/5 boom when they were offered big money compared to when they bought in the 70's.
It's hard to imagine any real estate not being a great investment, Cal City is not great yet, maybe when your kids are in their 90's? What will it have "cost" by then??