2 ms·
Probably why it is smart to buy a property where most of the value is the land. If you can!
by datascienced 3y ago
Probably why it is smart to buy a property where most of the value is the land. If you can!
- datascienced 3y agoNot sure why the downvie guys! Say you buy a $800k prop but $400k is land value. Layer it is $1.6m of which $1m is land value. They can huff and puff and blow your uninsured house down, and you now have a $1m development lot. Now clearly it is better to be insured, but insurance doesn’t always come through so this is a hedge. tldr; location cubed