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RE: Things to Consider When Evaluating a Property Part 1: The Background Story
taxes.
if they can tax it...you don't own it...you're only paying rent
how highs the rent?
what's the likely hood that it will be raised?
The rent is second lowest in the nation, state wide average. Property taxes on Mucky Mountain were $37.00 a year. The land I currently own is $56.00 per year. Compared to $3000.00 plus back in Wisconsin. That is one of the reasons I moved to Arkansas. I hate paying rent to the government and I hate asking permission to do work on my own land and house. Arkansas is lax in both categories.
I live in WI and can confirm property taxes are pretty high. I'm looking to relocate to a tiny, backwoods town that is not a very "desirable" location right now and it's like 2500-3000 per year!
Time to relocate to the Ozarks, if you can. Wisconsin is high in regulation and high in property taxes. 2 things that a homesteader can't afford to fight. So I left the battle and moved to a place where you can still be left alone...for now.
then you're good until it get's californicated like parts of texas did.
Parts of Arkansas have already. Mainly "chicago wayed". Mountain Home is pretty much made up of 60% retired Chicago yuppies that want to turn it into a little Chicago. With that comes more police tickets, zoning regulations, and higher taxes. Thankfully, it's another county over and an hour away.
when I was truckin I went over a good bit of Arky.
it's being 'developed' fast.