Would you buy a house on leased land

[IvanandNadya]

Just curious if you would buy/bought a house on the leased land? And if you had a property with the leasehold did you have a hard time reselling it?

[kgcayenne]

No!

[French Castanut]

No I wouldnt and I always wondered why people did / do.

[coffeeFreak]

No!

[Sige]

Never.

[ron2078]

ABSOLUTELY NOT !!!!!!!!!!!!!!!!!!!!!!!!!

[Symbonite]

the same goes with Mobile Parks...

[the truth]

NEVER

[Captain Awesome]

If it was a small purchase such as a cabin or a log house...may be. But not a house.

[kelscher]

Not unless it was in a National Park.

[WTTG]

Not unless it was in a National Park.

.
Funny you said that. I was just typing this out. Yes, the Government of Canada leases all land within our national parks to residence who can prove a need to reside and / or meet stringent criteria. People who have been able to keep up with those conditions, since they signed their leases, have had few problems with renewal or have seen them cancelled. And the property values . . .? Well, if you think things may be out of sight here, well check them out in the national parks. Problems selling? Big possibility, but only because of pricing and conditions. You see, most national parks town sites are quite similar in structure to the Okanagan. A few rich folks with good jobs, and the rest serve the tourists and get along as best they can. Still, if I was offered a lease there, and could afford it, I'd be in like a shot. But never in the Okanagan. Here, it seems to me, you're at the mercy of a whole different system. Tough enough living in a strata. But on a lease, too many schemes, too many dreams, too many fingers in the pie, and not enough consistency—Hiawatha for instance.

[OhMyDarlin]

No, no, no, no, no, no, no....never again. We bought a house on leased land about 15 years ago and it took almost 2.5 years to sell it, even after we redid the whole thing inside and out. When we finally sold it last summer we got far, far less than an equivalent home on a private lot. It was a bust and probably the worst financial decision we ever made in our lives.

It might work if you plan to stay there for the rest of your life with your next move being directly to a pine box or an urn, but otherwise.... no, no, no, no, no, no, no!

omd

[LANDM]

No, it is, by definition, a declining value asset.

[Catz]

no!!!!!!!!!!!!!!

[Bsuds]

No, it is, by definition, a declining value asset.

Exactly, if you don't own the land it is going to decrease in value. It's usually the land that gains value.