4 ms·
$300 plus $4000 per year in taxes, that's the real story here
by danteembermage 16y ago
$300 plus $4000 per year in taxes, that's the real story here
- mkr-hn 16y agoThat's equal to $333/month in rent. It might not be such a bad deal if utilities are reasonable.
- mkramlich 16y agoRent and utilities are only part of the story. I'm reminded of that old saw about what are the most important factors in real estate: 1. location 2. location 3. location Location effects many important things, including the number and quality of neighbors, what sorts of things happen after dark, and generally what will be considered "normal" in the local culture. You can change a lot of things about a property after you buy it, do a lot of fixups, remodelling, heck even totally tear down and build up a new house on the land. But you'll have a much harder time changing the sorts of neighbors and larger community you'll have. Especially over the short/medium term.
- prawn 16y agoWhen the house next door is also $300, I can quickly become my own neighbour... ;)
- bricestacey 16y agoAnd many thousands more to tear the house down.
- prawn 16y agoPaintballers would take care of that! (I can see insurance being a problem though.)
- prawn 16y agoJust out of interest, what does that $4k cover? Here, council rates are about $1k/year and include a levy or two. They're based on property value to some degree.