4 ms·
> leasing the land (lot) underneath it is a very bad idea and will most likely harm you financially. Funnily enough, there's a city nearby that's quite expensi
by fpgaminer 7y ago
> leasing the land (lot) underneath it is a very bad idea and will most likely harm you financially.
Funnily enough, there's a city nearby that's quite expensive to live in (even for California), because it's beach-side. And of course in every expensive city there's an even more expensive neighborhood. Except, for some bizarre reason, this wealthy neighborhood has a similar arrangement where the residents own their homes, but rent the land. Except all the homes are your typical McMansions and permanent; they aren't mobile homes. I was a bit baffled by the whole thing. It's like an HOA but worse.
Perhaps those living there believe that because they are wealthy they aren't worried about any of the consequences normally associated with the mobile-home trap.
- yardie 7y agoThat's probably BLM, state gov, or native American land. It's not as bad as it seems because the leases are typically 99 years. Countries such as a Thailand will have 99 year leases. A few will have 200 and 300 year leases. Lots of homeowners in the UK don't own the land their house is on.