manitou1
Member
Yeah, but the wilderness areas are pretty small comparatively.I would pick Wyoming. Low taxes. Low population. Loads of public land. And as a resident, you don't have to compete with the out of state A-holes in the wilderness areas![]()
Yeah, but the wilderness areas are pretty small comparatively.I would pick Wyoming. Low taxes. Low population. Loads of public land. And as a resident, you don't have to compete with the out of state A-holes in the wilderness areas![]()
Truth!Better be prepared mentally for this the majority of the year. Most people are not.
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Yup, miniscule.Yeah, but the wilderness areas are pretty small comparatively.
I agree with you totally CC....land and home prices are completely nutso everywhere. The affordable RE taxes that you pay will be significantly higher for whoever buys your estate and establishes a new "value". I bought raw land on a lake for $10K in 1989, and built everything myself, but because I am now "rich" due to the increased value of my property and the taxes have followed suit, I will likely be forced to sell the home that I had hoped to die in. Home ownership in the U.S. is going to plummet in the future, and the most pain will be felt by the next generations.This post was started almost 3 years ago. I read all the posts again and they were really interesting and the ones I posted are still true today.
BUT the big change here in sw Colorado is the price of property. I bought my property ( 6.3 acres) in 1994 for $50,000 including 5 shares of irrigation water. We built our home in 2000 for $77.00 a sq ft. I have invested around $300,000. In the last 5 years property values have soared here. My place in now worth between $800, 000 & 850,000. Taxes are still very reasonable as mine is still around $1,200 a year, it includes a senior credit of taking $100,000 off of the assessed value.
If I were to start all over, I doubt that I could afford to do this at today's values, especially being retired.
You are spot on in you post. We are planning on giving our son our place when we are gone and he will lose the senior citizen tax break as one of the conditions is he has to have owned it 10 years before the tax break kicks in.I agree with you totally CC....land and home prices are completely nutso everywhere. The affordable RE taxes that you pay will be significantly higher for whoever buys your estate and establishes a new "value". I bought raw land on a lake for $10K in 1989, and built everything myself, but because I am now "rich" due to the increased value of my property and the taxes have followed suit, I will likely be forced to sell the home that I had hoped to die in. Home ownership in the U.S. is going to plummet in the future, and the most pain will be felt by the next generations.