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We are looking for land right now so my wife can get another horse, she has to
board hers at a stable and she does not like doing it. 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. Kevin wrote: Jeff wrote: starts at 350k? is that just the land or the house also? That is just for a lot approx 2.5 Acres. That would buy you a nice bird ! Kevin wrote: Jeff wrote: maybe you should list a price range you was wanting answers for ![]() check out what John Travoltas flies http://www.ipilot.com/forum/message....id=42554#42554 You bet, lots in the airpark he lives in start at $350K. /www.jumbolair.com/ Charles Talleyrand wrote: There must be people on the newsgroup that fly single pilot IFR on a regular basis. These people have a schedule to make and would rather not miss that schedule unless necessary. These people don't have the need to carry many passengers, but just themselves. My question is for these people ... What sort of planes are you flying? |
#2
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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. |
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We looked at houses (and land) from big bear to LA county - orange county, houses
are expensive there no doubt, thats a reason we never moved to california. Plus I dont speak spanish. Only english. Also Nevada does not have corporate income taxes so its a desirable place to incorporate (I have an s-corp) nor do we have state taxes. So there is a reason california seems to be moving to nevada and arizona. I was not able to see the math you did on the 400k , you pay taxes on your tiedown spot, but you didnt say how much yearly. Your tie down spot for your airplane is different then someone who is purchasing a home or land. Just like the tiedown I pay for monthly and the boarding for my wife's horse (which is more then my airplane). Craig Prouse wrote: "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. |
#4
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"Jeff" wrote:
I was not able to see the math you did on the 400k , you pay taxes on your tiedown spot, but you didnt say how much yearly. Schools fail to emphasize that without the facility to solve "story problems," there is not really any point in teaching arithmetic. You don't need to know the size of my tax bill to figure the value of the land. You just need to figure out how many of my tiedown spots would fit in 2.5 acres, then multiply by the value of the tiedown spot. I hinted at that when I specified the number of sets of tiedowns. Your tie down spot for your airplane is different then someone who is purchasing a home or land. That's not to say that the other two "R"s have not suffered as well. |
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but that spot has pavement, electricity, plumbing, drainage and so on.
So comparing an airport or just the tiedown area to empty vacent land is not the same. 2 different animals even without the story book problems. It was also confusing because you only mentioned one tiedown spot, but now you sound like you own the entire ramp (all 60 spots). If you do not own all 60 tiedowns then trying to figure out how many would fit in a 2.5 acre's still does not make sense because it really has nothing to do with buying land since its not for commericial purposes. Craig Prouse wrote: "Jeff" wrote: I was not able to see the math you did on the 400k , you pay taxes on your tiedown spot, but you didnt say how much yearly. Schools fail to emphasize that without the facility to solve "story problems," there is not really any point in teaching arithmetic. You don't need to know the size of my tax bill to figure the value of the land. You just need to figure out how many of my tiedown spots would fit in 2.5 acres, then multiply by the value of the tiedown spot. I hinted at that when I specified the number of sets of tiedowns. Your tie down spot for your airplane is different then someone who is purchasing a home or land. That's not to say that the other two "R"s have not suffered as well. |
#6
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Sorry Craig but it is you who is lacking in schooling (the reading
part that is). Jeff's question was "how much do you pay in taxes on your tiedown spot?" Nothing in your original post or reply gave any hint on that. BTW Jeff, the answer is about $52.00/year. (I'm also based at PAO). And yes it is different than the property taxes on land that you own. It's called a "possessory interest" tax. The sad thing is that it barely makes any money for the county. The amount collected is mostly used up by the costs involved with collecting the money and answering all the questions from the incredulous pilots who don't understand why they should have to pay such a ridiculous tax. Back to the original question however (best single pilot IFR plane), it is a Cessna 185 (of course - because that's what I fly!) I've got a turbonormalized IO550 in it, so I can fly over almost all the weather. It is light enough and has enough excess HP that it can haul its empty weight, and is tolerant of a little ice build-up here an there as one quickly climbs thru the icing layers to the wonderful wx on top. (25K is as high as I've gone so far, but I see no problem with going higher). It's fast enough that I can take my family of 4 across the country without any complaints yet miserly enough on the fuel that it doesn't break the bank. Unlike some other airplanes I've flown it is stable enough that when you look down at your chart and tune a radio, the airplane is still flying in the same direction when you look up, even if the auto pilot is off. And best of all its got the third wheel at the back where it belongs. I'll probably get arguments on that one, but I like the flexibility to land just about anywhere I find a flat spot. I don't have to worry about those flimsy nosewheel thingies that can get ripped off just by dropping into a minor gopher hole. Pretty much if you find a spot that any fixed wing airplane has landed, I'm going to be able to make it in and out of there safely. As you can see, I'm supporting the earlier poster who said that the answer depends on your mission. ~Paul Mennen "Craig Prouse" wrote "Jeff" wrote: I was not able to see the math you did on the 400k , you pay taxes on your tiedown spot, but you didnt say how much yearly. Schools fail to emphasize that without the facility to solve "story problems," there is not really any point in teaching arithmetic. You don't need to know the size of my tax bill to figure the value of the land. You just need to figure out how many of my tiedown spots would fit in 2.5 acres, then multiply by the value of the tiedown spot. I hinted at that when I specified the number of sets of tiedowns. Your tie down spot for your airplane is different then someone who is purchasing a home or land. That's not to say that the other two "R"s have not suffered as well. |
#7
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"Paul Mennen" wrote:
Sorry Craig but it is you who is lacking in schooling (the reading part that is). Jeff's question was "how much do you pay in taxes on your tiedown spot?" Nothing in your original post or reply gave any hint on that. My schooling is just fine, thank you. Read the thread again and quote with integrity. Jeff never asked anything, much less "how much do you pay in taxes on your tiedown spot?" Jeff stated, omitting several sics, "I was not able to see the math you did on the 400k , you pay taxes on your tiedown spot, but you didnt say how much yearly." My original post, which you must not have read, said in essence that 2.5 acres of PAO real estate must be worth over $400,000 based on my 1200 sq ft being worth $4413. Pretty simple, right? Jeff responded that he could not understand how I came to that figure, particularly without knowing what I paid in property tax. The amount you and I pay in possessory interest taxes is no big secret, but it was never relevant to the discussion, which is why I never stated it. |
#8
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"Craig Prouse" wrote
Jeff never asked anything, much less "how much do you pay in taxes on your tiedown spot?" Jeff stated, omitting several sics, "I was not able to see the math you did on the 400k , you pay taxes on your tiedown spot, but you didnt say how much yearly." I quoted precisely. You have a contradiction in even the short paragraph above. What words in "you didn't say how much yearly" don't you understand? Doesn't that mean he wishes to know how much you pay yearly? In any case, this has little to do with the subject of the thread, so perhaps we should drop it. ~Paul |
#9
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25,000 ft?
what size engine does that thing have in it? Is your turbo an after market? Paul Mennen wrote: Back to the original question however (best single pilot IFR plane), it is a Cessna 185 (of course - because that's what I fly!) I've got a turbonormalized IO550 in it, so I can fly over almost all the weather. It is light enough and has enough excess HP that it can haul its empty weight, and is tolerant of a little ice build-up here an there as one quickly climbs thru the icing layers to the wonderful wx on top. (25K is as high as I've gone so far, but I see no problem with going higher). It's fast enough that I can take my family of 4 across the country without any complaints yet miserly enough on the fuel that it doesn't break the bank. Unlike some other airplanes I've flown it is stable enough that when you look down at your chart and tune a radio, the airplane is still flying in the same direction when you look up, even if the auto pilot is off. And best of all its got the third wheel at the back where it belongs. I'll probably get arguments on that one, but I like the flexibility to land just about anywhere I find a flat spot. I don't have to worry about those flimsy nosewheel thingies that can get ripped off just by dropping into a minor gopher hole. Pretty much if you find a spot that any fixed wing airplane has landed, I'm going to be able to make it in and out of there safely. As you can see, I'm supporting the earlier poster who said that the answer depends on your mission. ~Paul Mennen "Craig Prouse" wrote "Jeff" wrote: I was not able to see the math you did on the 400k , you pay taxes on your tiedown spot, but you didnt say how much yearly. Schools fail to emphasize that without the facility to solve "story problems," there is not really any point in teaching arithmetic. You don't need to know the size of my tax bill to figure the value of the land. You just need to figure out how many of my tiedown spots would fit in 2.5 acres, then multiply by the value of the tiedown spot. I hinted at that when I specified the number of sets of tiedowns. Your tie down spot for your airplane is different then someone who is purchasing a home or land. That's not to say that the other two "R"s have not suffered as well. |
#10
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![]() Jeff wrote: I was not able to see the math you did on the 400k, you pay taxes on your tiedown spot, but you didnt say how much yearly. The taxes aren't relevant to the $400k calculation. Since you appear to be somewhat math-challenged, here's some help: One acre contains 43,560 square feet. This means that 2.5 acres will contain 108,900 square feet. He stated that his tiedown space is 1200 square feet; this means that there are (108,900/1200) = 90.75 tiedown spaces in 2.5 acres. He stated that his tiedown space is VALUED at $4413; therefore, 2.5 acres (90.75 tiedown spaces) would be VALUED at ($4413 x 90.75) = $400,479.75. Simple, no? |
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