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People on this thread rightly point out that this isn't a great deal b/c the costs to actually get it to livable condition, along with conservation constraints
by abeppu 6y ago
People on this thread rightly point out that this isn't a great deal b/c the costs to actually get it to livable condition, along with conservation constraints might be quite significant.
I think an interesting point of comparison is Japan's policies around abandoned houses, and efforts to try to prop up vanishing rural communities, where aside from repair/renovation and administration costs, the owner can also be obligated to actively farm agricultural land associated with the property.
https://blog.gaijinpot.com/buy-abandoned-house-in-japan/ https://blog.gaijinpot.com/buy-abandoned-house-in-japan/
- fomine3 6y agoA point in Japan is that property owner can't throw away own properties. So they need to sell unused properties to reduce property taxes.
- taejo 6y agoCan you throw away owned real property elsewhere? The closest I can think of is not paying property taxes and hoping the state/municipality will seize the property and not come after you for the difference. If the actual value of the property is zero or negative it's difficult to come out ahead.
- rwmj 6y agoOn a similar point, this video goes through the costs of buying an abandoned house in Japan: https://www.youtube.com/watch?v=TwRjO3kHxU4 https://www.youtube.com/watch?v=TwRjO3kHxU4 To be fair, although there are a lot of "extras", the sums involved still seemed relatively small.