The “fair” market price is what someone is willing to pay. If it’s not sane, then it won’t sell. Unless you sell to an insane person, in which case, good for you and them, I guess.
I’m not in the market for million dollar properties, so hyper sane over here.
Most societies also killed gay people, refused to help handicapped people, refused women any day in anything, etc etc for millennia and those are all immoral as well.
Just because things were done a certain way doesn’t mean that’s the right way
It’s always land value plus house value. A friend of mine bought an old farm house on a large piece of land for less than a used car’s worth. Why so cheap? The land would be worth a fortune alone, but the farm house was a few hundred years old (take that, USA!), in a bad shape, and listed as a protected building, i.e. he had to do any kind of “making it habitable” under close scrutiny of bureaucrats and historians. The family worked their asses off every weekend for over a decade and spent a fortune on historically correct materials.
One acre. By a lake. But I still feel it’s ridiculous. I hate the idea of what’s market value. To me it’s what is decent as a human being.
One acre by WHAT lake? This looks like a fucking bargain compared to a lot of places. Lakefront property is highly sought after everywhere.
Land where I live runs about $1M/acre.
Decent’s got nothing to do with it.
Yeah $1m/acre isn’t moral
What does morality have to do with it? Couldn’t it be considered immoral to your family to sell for less than fair market value?
When the “fair” market is insane, there is no sane price for cordoned dirt.
The “fair” market price is what someone is willing to pay. If it’s not sane, then it won’t sell. Unless you sell to an insane person, in which case, good for you and them, I guess.
I’m not in the market for million dollar properties, so hyper sane over here.
Plenty of corporations are in that market, which is why you aren’t.
Plenty of rich people are too, go figure.
What if it’s an acre of pure quantum gemeralds?
“Owning” land isn’t moral, but we’ve normalized it over the past few millennia so it isn’t going anywhere anytime soon.
I will take “accepted by most societies over millennia” as a pretty good definition of “moral”.
Most societies also killed gay people, refused to help handicapped people, refused women any day in anything, etc etc for millennia and those are all immoral as well.
Just because things were done a certain way doesn’t mean that’s the right way
Yeah, I’m going to keep on owning land without worrying if it’s moral or not.
Morality? Wtf? GTFO.
80% of that value is in the land, assuming the lake is somewhat desirable to live by. 1 whole acre?? These are 2013 prices
And $30k to put utilities in, unless they’re pulling water from the lake and treating it.
Somebody you know is selling an acre of land on a lake, not a shed. This land is probably worth that much with no improvements at all
Op doesn’t understand how badly mfers want to live on a lake in the woods. Electrical and a shed is a bonus.
It’s always land value plus house value. A friend of mine bought an old farm house on a large piece of land for less than a used car’s worth. Why so cheap? The land would be worth a fortune alone, but the farm house was a few hundred years old (take that, USA!), in a bad shape, and listed as a protected building, i.e. he had to do any kind of “making it habitable” under close scrutiny of bureaucrats and historians. The family worked their asses off every weekend for over a decade and spent a fortune on historically correct materials.
The acre and the boat slip. The dock fees in lake anna are $1,300 a year the slip alone is worth at least $60,000