Good Sam Club Open Roads Forum: This is why you never buy a house on land you don't own
Open Roads Forum Already a member? Login here.   If not, Register Today!  |  Help

Newest  |  Active  |  Popular  |  RVing FAQ Forum Rules  |  Forum Posting Help and Support  |  Contact  

Search:   Advanced Search

Search only in General RVing Issues

Open Roads Forum  >  General RVing Issues

 > This is why you never buy a house on land you don't own

Reply to Topic  |  Subscribe  |  Print Topic  |  Post New Topic  | 
Page of 2  
Prev
time2roll

Southern California

Senior Member

Joined: 03/21/2005

View Profile



Good Sam RV Club Member


Posted: 11/13/20 12:24pm Link  |  Quote  |  Print  |  Notify Moderator

If you buy a home on a land lease... you should expect to leave peacefully at the end of the lease.
Adjust what you pay accordingly. All costs should be lower than typical full rent for a similar place or you paid too much.

My first condo I bought was on leased land with 57 years remaining. Bank will want a lease 5 to 10 years longer than the loan. I sold while the new buyer could still get a 30 year mortgage. Still made money on the deal.


2001 F150 SuperCrew
2006 Keystone Springdale 249FWBHLS
675w Solar pictures back up

monkey44

Cape Cod, MA and Central Fla

Senior Member

Joined: 11/12/2002

View Profile


Offline
Posted: 11/13/20 01:17pm Link  |  Quote  |  Print  |  Notify Moderator

Could be the original land grant has requirements in it that it can ONLY be used for campgrounds or it converts to conservations land.

Example in Brewster, MA ... Nickerson State Park, a land gift to the town from the Nickerson family cannot be developed beyond a campground, and the rest remains conservation land. It's run by the state forestry service. Great campground too, anyone heading for Cape Cod, don't miss it.


Monkey44
Cape Cod Ma & Central Fla
Chevy 2500HD 4x4 DC-SB
2008 Lance 845
Back-country camping fanatic

wa8yxm

Wherever I happen to park

Senior Member

Joined: 07/04/2006

View Profile


Offline
Posted: 11/13/20 02:43pm Link  |  Quote  |  Print  |  Notify Moderator

When my dad returned to Michigan after marrying my Mom back in the 1950's he bought a house that that was on land he did not own. And had it moved to land he DID own. Yup they moved the house.. It was amazing to watch.


Home is where I park it.
2005 Damon Intruder 377 Alas declared a total loss
after a semi "nicked" it. Still have the radios
Kenwood TS-2000, ICOM ID-5100, ID-51A+2, ID-880 REF030C most times


bucky

Raleigh metro

Senior Member

Joined: 05/07/2003

View Profile



Good Sam RV Club Member

Offline
Posted: 11/13/20 03:50pm Link  |  Quote  |  Print  |  Notify Moderator

The crime rate in MB may be in play to some degree. Go on Realtor.com, Zillow, or one of the others.
Oceanfront condos less than $100K in the city limits. Lots of them.


2005 Cummins 3500 2WD LB quad cab dually pulling a 2014 Blue Ridge 3025RL


wa8yxm

Wherever I happen to park

Senior Member

Joined: 07/04/2006

View Profile


Offline
Posted: 11/14/20 03:49am Link  |  Quote  |  Print  |  Notify Moderator

Lwiddis wrote:

Why not ask South Carolina State Parks to manage the campgrounds?


When I was wintering in Upstate SC there were two RV parks one on land owned by DUKE energy and managed by Oconee County parks and Rec, the other is Army Land (Core of Engineers) managed by the state.
the first is one of the nicest RV parks I've stayed in (South Cove, Seneca) small but oh so nice. all sites water/electric only.

TechWriter

On The Road

Senior Member

Joined: 12/22/2002

View Profile



Good Sam RV Club Member


Posted: 11/14/20 08:07am Link  |  Quote  |  Print  |  Notify Moderator

Lwiddis wrote:

A state, county or city selling recreational land to private enterprise bothers me.

Amen. Also, I don't like the idea of leasing instead of owning land, unless it's a resident-owned community.


2001 Newmar Mountain Aire 4095 DP
Part Timer 2004 - 2013
Full Timer 2013 - 2020
Part Timing Again
www.rvSeniorMoments.com
DISH TV for RVs

ferndaleflyer

everywhere

Senior Member

Joined: 03/31/2011

View Profile


Offline
Posted: 11/14/20 08:09am Link  |  Quote  |  Print  |  Notify Moderator

In Baltimore many homes are on land not owned by the home owner--they call it ground rent and it goes on forever. Talking brick/stick built homes, not trailers.

Reply to Topic  |  Subscribe  |  Print Topic  |  Post New Topic  | 
Page of 2  
Prev

Open Roads Forum  >  General RVing Issues

 > This is why you never buy a house on land you don't own
Search:   Advanced Search

Search only in General RVing Issues


New posts No new posts
Closed, new posts Closed, no new posts
Moved, new posts Moved, no new posts

Adjust text size:




© 2021 CWI, Inc. © 2021 Good Sam Enterprises, LLC. All Rights Reserved.