• shiroininja@lemmy.worldOP
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      1 year ago

      One acre. By a lake. But I still feel it’s ridiculous. I hate the idea of what’s market value. To me it’s what is decent as a human being.

      • protist@mander.xyz
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        1 year ago

        Somebody you know is selling an acre of land on a lake, not a shed. This land is probably worth that much with no improvements at all

        • jimbolauski@lemmy.world
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          1 year ago

          The acre and the boat slip. The dock fees in lake anna are $1,300 a year the slip alone is worth at least $60,000

        • Treczoks@lemm.ee
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          1 year ago

          It’s always land value plus house value. A friend of mine bought an old farm house on a large piece of land for less than a used car’s worth. Why so cheap? The land would be worth a fortune alone, but the farm house was a few hundred years old (take that, USA!), in a bad shape, and listed as a protected building, i.e. he had to do any kind of “making it habitable” under close scrutiny of bureaucrats and historians. The family worked their asses off every weekend for over a decade and spent a fortune on historically correct materials.

        • figjam@midwest.social
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          1 year ago

          I mean it has electrical service, water, and either sewer or septic. Still feels a little high but a full acre on a lake is valuable

      • hiddengoat@kbin.social
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        1 year ago

        One acre by WHAT lake? This looks like a fucking bargain compared to a lot of places. Lakefront property is highly sought after everywhere.

          • NewNewAccount@lemmy.world
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            1 year ago

            What does morality have to do with it? Couldn’t it be considered immoral to your family to sell for less than fair market value?

              • slackassassin@sh.itjust.works
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                1 year ago

                The “fair” market price is what someone is willing to pay. If it’s not sane, then it won’t sell. Unless you sell to an insane person, in which case, good for you and them, I guess.

                I’m not in the market for million dollar properties, so hyper sane over here.

          • JJROKCZ@lemmy.world
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            1 year ago

            “Owning” land isn’t moral, but we’ve normalized it over the past few millennia so it isn’t going anywhere anytime soon.

            • deegeese@sopuli.xyz
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              1 year ago

              I will take “accepted by most societies over millennia” as a pretty good definition of “moral”.

              • JJROKCZ@lemmy.world
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                1 year ago

                Most societies also killed gay people, refused to help handicapped people, refused women any day in anything, etc etc for millennia and those are all immoral as well.

                Just because things were done a certain way doesn’t mean that’s the right way

                • deegeese@sopuli.xyz
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                  1 year ago

                  Yeah, I’m going to keep on owning land without worrying if it’s moral or not.

      • mommykink@lemmy.world
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        1 year ago

        80% of that value is in the land, assuming the lake is somewhat desirable to live by. 1 whole acre?? These are 2013 prices

        • ikidd@lemmy.world
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          1 year ago

          And $30k to put utilities in, unless they’re pulling water from the lake and treating it.

      • Ejh3k@lemmy.world
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        1 year ago

        It’s funny. I’m on vacation in a primarily summer destination, and my wife and I checked out some lake properties in zillow. She thought I was nuts when I said a house we saw was probably a cool mill. Found properties listed for up to $4m. Property values are bonkers.

  • 7u5k3n@lemmy.world
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    1 year ago

    Town close to me has 800sq foot sheds for $237k

    It’s a tiny home on 1/5 an acre.

    Insanity

    I’m in middle Tennessee.

    • somethingsnappy@lemmy.world
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      1 year ago

      That would seem nuts except middle Tennessee is Nashville area? And it seems like the corporate overlords aren’t buying things up there. That would be 700-800k where I live, and I’d buy it if the interest rates were lower.

  • phorq@lemmy.ml
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    1 year ago

    I dunno, 28 photos could mean 28 sheds… And that first shed is pretty nice…

  • Swim@lemmy.ca
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    1 year ago

    this is a steal in vancouver there would be a 1 in front of the 2

  • the_q@lemmy.world
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    1 year ago

    Lol everyone posting is normalizing the land price because it’s near water. Like they don’t see that it’s an artificial metric that can and does change with the wind and only stays high because rich people, and those wanting to be rich, keep up the charade.

    • theragu40@lemmy.world
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      1 year ago

      Is it normalizing? Or just pointing out how things are today?

      It’s possible to describe reality without approving of it.

      I don’t like that lakefront property is so expensive, but it surely is. I’ve been casually looking for years and I don’t know if I’ll ever afford it. And the headline is complaining about a shed selling for $225k when it’s pretty obviously the land and lakefront access that comes with it that is selling for that amount. The structure is a throw in and there’s a good chance whoever buys it simply demolishes it to build what they want.

      • the_q@lemmy.world
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        1 year ago

        Yes it’s normalizing it. You’re doing it in your comment talking about what’s obvious about the value.

        • theragu40@lemmy.world
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          1 year ago

          So what is your contention? That people should just say that land doesn’t cost what it actually costs? I don’t understand.

          • the_q@lemmy.world
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            1 year ago

            Well it would be nice if people wouldn’t participate in the charade as a get rich scheme. Or if land had some kind of flat price or homes… That’d be nice.

            • theragu40@lemmy.world
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              1 year ago

              But surely some land or homes have more desirable features? Should an acre of beautiful lakefront property command the same value as a dirt lot next to a dirty industrial park?

              Either way, let’s say your idea for how land and homes should be valued is executable in the real world. I still don’t understand why acknowledging the way things are in reality as things stand right now is the same as normalizing it. Ignoring something doesn’t get it changed.

              • the_q@lemmy.world
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                1 year ago

                Why? Because it’s nicer to look at? Who’s deciding what’s nice to look at anyway? The dirt lot shouldn’t be near a dangerous industrial area to begin with. It’s just more of the same wealthy land owner maximizing profits at the risk of a poor person’s health.

                Because shelter shouldn’t be a commodity. It shouldn’t be a form of financial growth or security. It’s a need, a requirement. Normalizing it as I’ve called it keeps shelter unavailable for some and a hindrance to others all to keep landlords rich. Talking about it as “just how it is” continues the cycle.

    • unconfirmedsourcesDOTgov@lemmy.sdf.org
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      1 year ago

      It’s only artificial until someone buys at that price, then that price is a real measure of how much money someone in the market was willing to spend at the time they bought. Other market participants observe this behavior and adjust their own pricing expectations accordingly. There’s nothing magic or artificial about this, it’s supply and demand.

  • FluffyPotato@lemm.ee
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    1 year ago

    Throw in an extra 60k and you get a 3 room apartment in the center of Tallinn with a balcony and a view across the whole city.

      • fiat_lux@kbin.social
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        1 year ago

        Ah OK, yeah, then depending on location, this would be normal where I am too. Sadly.

      • Soleos@lemmy.world
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        1 year ago

        Yeah you have it the other way around. The shed comes with the land, which is desirable. Imagine how much a completely undeveloped acre in/right next to a major city would go for? Location location location

  • M0oP0o@mander.xyz
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    1 year ago

    Can you call it a shed if it has a minisplit? If that is a heat pump model then it makes my house look like a Trash-Co waste disposal unit.

  • azerial@lemmy.dbzer0.com
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    1 year ago

    Imagine escaping reality to your very own private, adorable, and furnished lake house at Lake Anna, VA. Surrounded by lush green trees on a one acre lot, this well-maintained water access cottage is just a short walk from the lake, where you’ll find your own deeded boat slip. Ideal for weekend getaways to enjoy boating, fishing, or just a few days of quiet peaceful solitude. Spread out inside in the spacious living room / bedroom combo, where you’ll find quality LVP flooring throughout, a full bathroom with shower and plenty of storage space, and a convenient kitchen with refrigerator and microwave.

    No stove, just a microwave. I think I’ll pass. Lol

    Imagine microwaving your tv dinner in your very own, private, affordable?, and furnished lake shed!

    edit: i copy and pasted that above from the website (the quote).

  • DivineBurke@lemmy.world
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    1 year ago

    I haven’t seen anyone say this, so in case anyone doesn’t know. If the land is worth 200K and has no dwelling, it’s much harder to finance that. You either need a builder/developer loan with plans to build within a specific timeframe. Or, you need some other means to finance.

    A bank won’t give you a mortgage for land. Land, while having an intrinsic value is worthless to a bank. But land with a shed in which you can poop is worth something. No idea why, but that’s at least one perspective.

    • ZombiFrancis@sh.itjust.works
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      1 year ago

      Most often the case, depending on location/us state whatever system installed for pooping in that shed is a health code liability and therefore a financial burden.