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PraiseBeToScience on scored.co
1 year ago2 points(+0/-0/+2Score on mirror)1 child
That's land in general.
A good start would be prohibiting ownership of land by corporations depending on its use by making non-small-businesses owe so much in taxes that they couldn't hope to ever do anything but lose money on it, so they dump the land. Small businesses (which we really need to have even more categorization of because some businesses are oddly huge but qualify as small businesses) get favorable tax rates so farmland ownership is prioritized for a "mom and pop" farm. In general "corporate" use of land should only be held on lease from the government on ten-year leases.
Residential property is fundamentally only able to be owned by *real individuals* in the name of a real person, with escalating tax burdens the more of it you own. One home on a few acres is yours. Your second home is a luxury and taxed accordingly. Third and up you start feeling the stress.
The important thing is this: a single person owning a home is on a finite "lease" because they eventually will die. Most people sell Mom's house so it churns to a new buyer. Corporations are deathless entities that can exist forever. Why does it make any sense that a piece of land that an immortal legal structure signed for can functionally be forever carved out of anyone ever having a chance to do something with it?
1 year ago2 points(+0/-0/+2Score on mirror)1 child
Like five years ago I was looking at Appalachian nonarable land in Tennessee for a homestead or cabin and it was relatively cheap. Today the plots I saw are literally 4x in price. Some of them don't even have road access, just an easement through other land, and 30 acres of undeveloped forest and rock has an ask of $400k.
Perfect example. $200k for 6 acres with nothing but apparently the *opportunity* for power. Often these lots come with liabilities attached like old crumbling structures that need to be torn down.
1 year ago2 points(+0/-0/+2Score on mirror)2 children
Did I mention Tennessee? Never bothered to look there. Overpriced like you said.
Not the best property but I barely looked, 12 acres, lots of frontage in Hinton, West Virginia. $29k https://www.zillow.com/homedetails/800-Madams-Creek-Rd-Hinton-WV-25951/2055771281_zpid/
$2-3k per acre is about right. Annual taxes, $100. No code or building inspectors where I live.
See my post above. Found it with 5 minutes of looking. Decent land for $2-3k an acre is pretty normal in WV.
> Not the best property but I barely looked, 12 acres, lots of frontage in Hinton, West Virginia. $29k https://www.zillow.com/homedetails/800-Madams-Creek-Rd-Hinton-WV-25951/2055771281_zpid/
> $2-3k per acre is about right. Annual taxes, $100. No code or building inspectors where I live.
A good start would be prohibiting ownership of land by corporations depending on its use by making non-small-businesses owe so much in taxes that they couldn't hope to ever do anything but lose money on it, so they dump the land. Small businesses (which we really need to have even more categorization of because some businesses are oddly huge but qualify as small businesses) get favorable tax rates so farmland ownership is prioritized for a "mom and pop" farm. In general "corporate" use of land should only be held on lease from the government on ten-year leases.
Residential property is fundamentally only able to be owned by *real individuals* in the name of a real person, with escalating tax burdens the more of it you own. One home on a few acres is yours. Your second home is a luxury and taxed accordingly. Third and up you start feeling the stress.
The important thing is this: a single person owning a home is on a finite "lease" because they eventually will die. Most people sell Mom's house so it churns to a new buyer. Corporations are deathless entities that can exist forever. Why does it make any sense that a piece of land that an immortal legal structure signed for can functionally be forever carved out of anyone ever having a chance to do something with it?
https://www.zillow.com/homedetails/1120-Yellow-Springs-Rd-Cosby-TN-37722/421685554_zpid/
Perfect example. $200k for 6 acres with nothing but apparently the *opportunity* for power. Often these lots come with liabilities attached like old crumbling structures that need to be torn down.
Not the best property but I barely looked, 12 acres, lots of frontage in Hinton, West Virginia. $29k https://www.zillow.com/homedetails/800-Madams-Creek-Rd-Hinton-WV-25951/2055771281_zpid/
$2-3k per acre is about right. Annual taxes, $100. No code or building inspectors where I live.
https://robbreport.com/shelter/homes-for-sale/californians-and-floridians-flocking-to-tennessee-1235397892/amp/
> Not the best property but I barely looked, 12 acres, lots of frontage in Hinton, West Virginia. $29k https://www.zillow.com/homedetails/800-Madams-Creek-Rd-Hinton-WV-25951/2055771281_zpid/
> $2-3k per acre is about right. Annual taxes, $100. No code or building inspectors where I live.