/ Caught by the inflation demon #41
- Apr 6, 2004
- Cat D3, Deere 110 TLB, Kubota BX23 and L3800 and RTV900 with restored 1948 Deere M, 1949 Farmall Cub, 1953 Ford Jubliee and 1957 Ford 740 Row Crop, Craftsman Mower, Deere 350C Dozer 50 assorted vehicles from 1905 to 2006
Sometimes second chances don’t come around… unless maybe winning the lottery?Sometimes the best thing to do is just walk. Stop the entire project for now. I’ve missed out on a house, cars, trucks and felt bad at the time but later realized it was for the better.
Back in 2012 I found the property that ticked all boxes… I made full price offer non contingent and the owner was a customer of mine though I had never been to the place he built… the wife was selling saying it was her husbands dream property… the day my offer came in they had just accepted an offer for 100k less with contingencies…
Ten years later there is no way I could touch a place like that plus the property taxes would bankrupt.
300% plus appreciation sure puts a smile on the assessors face.
Another home hitting the market now appraised at 900k in 2011 and listing will be 3.5m… if it sells for 3.5 the property tax would be about 45k
Current owners pay $3,100 and built in 1950’s