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  #24  
Old December 3rd 03, 06:39 AM
Craig Prouse
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"Jeff" wrote:

Land in vegas is way way over priced. So 350k for 2.5 acres, if it had a house
on it, would not be bad at all. 2.5 acres with nothing on it...not a chance.


Overpriced?

$350,000 around here gets you about 950 sq ft upstairs of a one car garage
on no land whatsoever.

The assessed value of my assigned tiedown location at PAO is $4413. Mind
you this is (generously) 1200 sq ft of some of the most undesirable land
around, on a flood plain between a swamp and a garbage dump. I get to pay
property tax on it even though I rent it month to month. Do the math, and
that's over $400,000 for 2.5 acres of PAO tiedown space. No house, just a
thin layer of asphalt and 90 sets of tiedown ropes.