"100% of people who do not save money do not have any!"--Dave Ramsey

[Isaac Zachary]

Originally Posted by freebeard

There is a middle ground, own the home and rent the space to land it.

Actually that's what I've been doing for the past 11 years.

Originally Posted by JSH

The problem with condos is that you never own the place free and clear - there is always a HOA fee that can be hundreds of dollars a month.

Yes, those pesky HOA fees or mobile home lot fees as well as the rules that go with them. I like to work on my cars and I like to ham radio, which HOA's and lot landlords both hate. Like when the land lord stops and comes running, yelling, "You can't work on your car here!" as soon as I open the hood to just check the oil.

[freebeard]

Actually that's what I've been doing for the past 11 years.

When I bought this 35' R-license park model in 2002, I expected the location to be impermanent. I guess things changed.

Lateral moves would involve the DMV , else the Coast Guard. Best of both? Foam-filled truck tire pontoons?

[Isaac Zachary]

Originally Posted by freebeard

When I bought this 35' R-license park model in 2002, I expected the location to be impermanent. I guess things changed.

Lateral moves would involve the DMV , else the Coast Guard. Best of both? Foam-filled truck tire pontoons?

Here, all trailer homes are granfathered in, but unmoveable, at least in the state of Colorado. Maybe one could be moved to another state. But there is only one place a mobile home can be moved in Colorado, the dump. At least ones built before a certain year, which is most of them including mine.

[Isaac Zachary]

Originally Posted by JSH

Well yes, when you inherit a home you inherit the taxes. Now whether you can pay the back taxes and transfer title depends on if the city has seized the property or not.

The Goldie Locks scenario you describe above requires you to find this person that inherited the home but doesn't know it before the cities seizes the property for unpaid taxes.



It isn't - it is a job. A job that likely pays less than just getting a regular job and has a huge amount of risk.



I have no idea what you are going on about with flight schedules but the bold section above it what cheap houses have in common.

3 house bundle for $5,000. I don't expect you would find any wiring or copper plumbing left in those houses. I also expect any new copper wiring or plumbing installed to be gone in a week.



https://www.zillow.com/homedetails/2...8665104_zpid/?

Why are houses in Michagan so cheap, other than needing to be fixed up?

I also expect any new copper wiring or plumbing installed to be gone in a week.

Never mind. I need to read before posting.

[Piotrsko]

I was wondering why those houses looked familiar. It is part of my old neighborhood when I lived in Detroit.

If you didn't annoy the local Don, not a bad place to live back then.

In addition to missing anything of metal, there's a hazmat sequestering because EVERYTHING had asbestos in it: ceiling, plaster, sewer, insulation...... cant tear them down, can't fix them*. Only hope is they catch fire because there's federal mitigation for the site minus the house.

Btw this is a neighborhood where they give you title to the land for free if you pull permits to build.

* that's not actually true, it's just extremely expensive

[JSH]

Originally Posted by Isaac Zachary

Why are houses in Michagan so cheap, other than needing to be fixed up?

The general disrepair is a symptom not the cause. In Michigan you had two major causes.

1. White flight to the suburbs. When school were forced to integrate in the 70's and 80's white families moved out of the cities and to suburbs. Plenty of retailers and other companies followed.

2. In the 80's, 90's, and 00's manufacturing moved out of Michigan to the US South and Mexico chasing cheap labor. This loss of manufacturing and jobs meant that my generation (I graduated high school in the mid-1990's) left the state looking for work leaving behind an aged population.

Combine the two and most major cities in Southeast Michigan have roughly 1/2 the population that they used to have at their peak. That lack of population means a surplus of homes and many were abandoned and left to rot. You have entire city blocks that are abandoned and city run programs to do house swaps to move remaining residents out of mostly empty blocks and consolidate them so the city can shrink the area requiring services.

As Piotrsko said, many of those old houses are also contaminated with asbestos and lead paint which makes fixing them or even knocking them down very expensive.

That doesn't mean the entire city is a dump. There are well cared for areas and ones that are a complete wreck. There are areas that developers are aggressively buying houses to fix up nice and flip and areas that are either abandoned or run by slum lords. You can buy a nice 3 bed / 2 bath house in my hometown for $100K +/-.

The house I rented in Flint, Michigan had the front porch falling off, animals living in the attic, leaks in the roof "fixed" by hanging a blue tarp in the attic and having it collect water that ran off to the eaves that were kicked out. It likely should have been condemned.

[Xist]

I read that Piotrsko used to recycle more scrap copper than anyone else!

[freebeard]

I know you're OP, but that creates a hostile environment.

Unless you have sources, unless they're anonymous sources confirming other anonymous sources.

[Xist]

The photographer was trying to be too artistic. The first picture is of some sunflowers in front of that front fence they put in.

Then a shot of the house number on the fence?

There is a nice sitting area in front with the fence, but why do they have a wood stove right by the wooden fence?

Hey freebeard, what do you see in the third picture?

Then there is a shot of the front light, with apparently a bug light.

Do they like bugs or don't they?!

They don't show much of the back yard. With the tiny house and the tiny front yard I would think the back yard would be good-sized, but unless they fenced it--and they didn't fence over the chain link fence on the side.

This was the view from the back:


I don't know if it sold for $185,000 on 7/26/2021, but now they are asking $176,000, which is $338 per square foot!

A home like Mom's sold a year ago for $245,000, about $200 per square foot plus a 2-car garage.

This place isn't much bigger than a 2-car garage!

I would love to see the Zestimate for 100 homes compared with actual assessments, but Zillow guesses that it is worth $141,000, which would still be $271 per square foot

It isn't a great neighborhood and if you recall, the pink house that sold 2 doors down was next to some businesses on the main street, so it is close to the main street, and it may be next to the UPS distribution center, but it is within walking distance from the library (and McDonald's if you are uncivilized), and there are few, if any abandoned homes or vehicles in the area.

They say that it is eligible for a VA loan, but for how much will it assess?

$175,800 2 bedroom, 1 bathroom, and 520 square feet
1221 E Huning, Show Low, AZ 85901

[freebeard]

I only see one picture.

duckduckgo.com/?q=map+1221+E+Huning%2C+Show+Low%2C+AZ+85901&t=ras pberrypi&ia=maps&iaxm=maps

It looks like Distinctive Auto Body is close by.