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>> Even if the house disappeared he would still own the land. Given that it was a very basic house it's likely the land was worth at least as much as the buildi
by phkahler 5y ago
>> Even if the house disappeared he would still own the land. Given that it was a very basic house it's likely the land was worth at least as much as the building.
Don't underestimate the cost of building stuff on an island like that. Everything needs to be brought in by boat, including labor.
- OldHand2018 5y agoFor sure. An uncle of mine used to own property on Mackinac Island [1] that he wanted to build a home on. After years of trying to find a way to manage it, he gave up and sold: it was just too far beyond his budget (he is fairly wealthy). [1] https://en.wikipedia.org/wiki/Mackinac_Island https://en.wikipedia.org/wiki/Mackinac_Island