Jim wrote:
> "Six String Stu"
>> Having a second property will effect your benefit amount for SSI.
>> Selling will effect it as well.
>> having had a piece or extra property (assets) unreported might also
>> play into things.
> He could be in deep feces.....
> I have just been through a 5 hour Social Services interview
> regarding various programs, and he is almost certainly in very
> serious trouble. Land worth under $2,000 is not exactly common. It's
> about $1,000,000/acre in my neighborhood....
Actually, some land can be valued at quite a bit less than that if the
building on it is uninhabitable. I live in the "sticks" and an acre of
farmland can often be found for around $400/acre and if you go out into the
"toolies" it can be had for as little as $50/acre. A tax bill will
indicated the approximate value of the land, and whether it's considered to
have "services" or not. Most of the type of land I'm talking about here is
considered "vacant" and "untillable", meaning forested or at least
overgrown.
Now if you go closer to "town" land values go up fast, especially those
with services and a building with a certificate of occupancy.
So the point is, location is everything (or nothing).
Regards,
Pop`