Quote:
Originally Posted by OMG!WTF!
Good point but it sort of doesn't really matter because houses wouldn't be going on the lots as defined by the existing trailers. If sold as a parcel the whole thing would be reworked to maximize views, add commercial possibly or parks. So it's not a viable investment as a buy, hold, build a house sort of thing. It's a whole sale land play which complicates it all very much.
|
They would be if the residents had bought the land together - because they would have owned their lots, theoretically. A scenario where they wouldn't own their lot, but instead a portion of the trailer park, well that wouldn't make any financial sense to anyone.
Quote:
Originally Posted by OMG!WTF!
I've been thinking about the infrastructure. It's not impossible to fix. You leave the old stuff buried under the trailers, install new stuff under the roads and add new trenchless lines to the houses. Or trench lines to the house. They're not attached to the ground. There's 2 feet of space under them. Infrastructure is not the issue.
|
Yup. That's the scenario where the infrastructure ONLY costs the amount previously listed. How much do you think these things normally cost?
Just for hookup to an existing main, the City of Edmonton gives a pretty basic cost outlay here:
https://www.edmonton.ca/programs_ser...ion%20Fees.pdf
Additional costs to actually install the mains for storm, water, sewer, as well as the hookups to the City system, and that $70,000 sounds like a relatively decent, to conservative estimate. The chances of going ahead, and then actually paying as little as $70k after the fact, is probably the same as any city project. ~60% of the time, the costs are higher than expected.
And this is WITH every trailer sitting on top of old, rotting sewer lines leaking into the soil and possibly backing up in the event of a storm. Now these lots that could potentially erect a nice house onto, have a massive liability for each owner. That would be a really tough financial pill to swallow.