4 ms·
I'm not sure if "capped at" was the right wording. "Reduced to" might have been clearer. If you bought a house through the trust at $100k, but now it's market
by macawfish 9y ago
I'm not sure if "capped at" was the right wording. "Reduced to" might have been clearer.
If you bought a house through the trust at $100k, but now it's market value is $300k, you would only be able to sell it for an additional 25% of the appreciation ($50k).
http://www.mncltc.org/faq.html http://www.mncltc.org/faq.html
- conanbatt 9y agoI see its a general structure as well. As an owner you own shares of the organization, more than the land itself. Im not saying its a bad idea, or uninteresting, but its definitely not going to be superior to the general market as it is (afaik).