waitin4ever
New member
I agree with all your comments. But the FACT is the prices in desirable south county areas were/are not that much cheaper
when i was looking around and it is not a TIC thing only.
P.S. I'm not from TIC.
when i was looking around and it is not a TIC thing only.
P.S. I'm not from TIC.
irvinehomeshopper said:If you don't own your land then you will be in for a big surprise. Per contract the life expectancy for the said structure is 99 years and by then it will be torn down. You will be dead by then. Your grand children will not own the land beneath the structure even when the structure no longer exist. Guess who will own the land? Don't bother trying to sell it then because as the life expectancy about to expire the structure will no longer worth much just like selling a home on a land lease.
If the structure is a detached home then it is a little different. As the 99th year approaches selling the home would be somewhat difficult because owners do not have freedom with the land to rebuild a custom home.