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How deep do land claims go? Is there a ping pong size ball in the center divided over billions of owners and renters? What would be the smallest/cheapest [surf
by 6510 5y ago
How deep do land claims go? Is there a ping pong size ball in the center divided over billions of owners and renters?
What would be the smallest/cheapest [surface] plot of earth one can buy [out there in the real world]?
- ncmncm 5y agoIt is common in the US for land deeds to exclude mineral rights, meaning, in effect, they include only the surface down to basement level.
- Aeolun 5y agoThen who has those rights? I’m willing to build a very deep basement.
- ncmncm 5y agoGenerally, anytime US land ownership changes hands, the prior owner might choose to retain mineral rights, and maybe discount the price accordingly. When you buy a house lot you are not typically interested in fracking under it, so you would not expect any discount. What constitutes a basement would be spelled out in the contract terms of sale.