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N FLA | Funny you say that about taxes, because there are so many comments about the investment value of land, and you can never be wrong, and the purchase at 8,500 per acre, etc etc. I own 3 rent houses, and at one time each broke even rent vs mortgage + insurance + taxes. After the assessed value went up during the boom times, I ended up with more expenses (taxes and insurance increase) and now 900 negative per month. Now in the bust, I keep hoping prices end up where they were and I can get back to break even. Moral of the story, what if this 8500 farmland did not recieve special tax favorment, or ag exemption, and paid taxes at assessed values, What would it all be "worth" then. There is an opportunity with taxes based on market values to wipe out all opportunity for profit, investment potential, etc. I wonder if we will see this to keep up with everything the government cant afford? | |
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Chaos in government
