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last1stding t1_j5zhh2w wrote

Reply to comment by daveisok in Is it illegal in the state of new Hampshire to list manufactured home as single family home? by NecessaryMistake9754

Take a look at this. This is a development in Manchester you don't own the land this house has went up in value. I agree with your reasoning about land value. https://www.zillow.com/homedetails/8-Crosswood-Way-Manchester-NH-03102/125862801_zpid/

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GreatGrandaddyPurp t1_j63wkgo wrote

To be fair the same thing happened to used cars but they're still a depreciating asset in normal market conditions.

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NecessaryMistake9754 OP t1_j5zouno wrote

How do you know they don’t own the land? Does it say it in the listing?

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redditthrower888999 t1_j5zr5pb wrote

Go to the assessors webpage. Valuation will list land value and building value. In this case it only lists the building. It does not list anything under land. The above house is listed as a condo.

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UncleRicosWig t1_j61hab2 wrote

Listed as a condo, I’d assume you don’t own the land.

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NecessaryMistake9754 OP t1_j5zrgjv wrote

Shouldn't that be disclosed in the listing that it is land leased? Wow it's crazy that's blatant lie. A condo and a land leased house is very different

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redditthrower888999 t1_j5ztyvm wrote

When you see a listing that looks like a house but the listing says it's a condo, that pretty much says you don't own the land.

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last1stding t1_j5zzi3h wrote

The development is right up the street from me. I watched them being built. They sold like hot cakes. I talked to some of the owners.

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