Mark Reed wrote:In my neighborhood if one looks at a lot of real estate listings it sometimes comes up that land is basically free. It happens when a house with some or even quite a bit of acreage is for sale. As example a house by itself with just a acre or two might be in the range of $250,000, too steep for many people. On the other hand a vacant 30 acres might have a similar price tag and still too steep for many. What often stands out is that a house with 30 acres might still be in the same price range. When that happens it occurs to me that either the house or the 30 acres is basically free.
I don't think I would be a good fit for an intentional community but I might be up to partnering with someone in a purchase where they get the house and I get the land. Maybe even a few people, in the case where more land is involved. Everyone could get the land or house they want, deeded separately at a cost way below than if they had gone it alone. Exactly the same as thing the investors do, buying and subdividing except leaving the investor and the increased pricing out of the equation.
I've seen a few listings that were even more blatant about it. There are a few parcels of vacant land for sale in central Wisconsin for $5000 (or less!), with a note saying the seller will refund that money if the buyer builds a house within a set time period.
I have not been able to get an answer from the realtor about what covenants and restrictions are in place there. Chances are, all the affordable building methods are verboten, and they probably don't allow gardens or livestock. But without an answer from the realtor there's no way to tell.