Originally posted by durrelllrobert
| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by MsTerieus
At the present time, real estate development is at a standstill, but one of these days, the boom will regain it's momentum and land values near the
water will reach all-time highs. At that time, the tenant on leased land should keep his bags packed because the land, with his house, could be sold
at any time.
What I'm sayin' is, the land lease is obsolete and unsafe to say the best. I wouldn't advise it for anybody. |
How about those poor folks on the spit that were RECENTLY evicted from the homes they thought they owned (some for 20+ years). They wern't any safer
than if they had leased the land. |
True. Very True!
A story that come out a year or two ago concerning a Campos down the street from us, I write the story as I heard it...in short form:
7-8 years ago, this lady drives up a dirt road, and camps there. Loves the place! Goes back and forth there many times. Finally, the owner of this
beach front land shows up...they talk..and talk...and talk. She offered to buy a lot, and he agrees.
During the next several years...she builds a house there, and encourages her friends to buy in too. Soon.....its a micro village with a security gate
and guard
at the front entrance. Home sweet home!
About two years ago...this guy from Ensenada drives in.....sees this progressing development....stops to ask one of the neighbors..."what da hell are
you doing on my land"?!! So it was fact that he was indeed the owner...and this other guy was just a conman.
The original lady camper convinced the Ensenada owner to let her stay. Everything else was lost to everyone. True story!
Ah....hire a pro to do your buying...... |