Investment Options ?

[BroadHopper]

So the state now deems that property with a view as a location plus so the state deems that that property should be taxed at its so called selling price.

At the time of the new appraisal that shot our appraised cost sky high and many others have seen an increase in our taxes six-fold. Before the town consider the property as seasonal i.e. we are on a dirt road, not maintained by the town, we don't use any town services such as schools, etc. So our taxes were low. The town has a separate rate for use. Also, my dad was a veteran and also 65+ After the state ruling, that rate is gone and there is no discount for 65+ Just veterans.

If you google the time the state took over appraisal many farmers had their property tax increased as their property is in what the realtors call an attractive location! A good example is a blind farmer whose property in Orford NH value has increased 8 fold because it was taxed at the appraised value if the farmer has to sell the property! He did get a reprieve as the appraisal was base on the value of the land if it was separated and sold as lots!

Hence the title view tax was born. Our farm was one that was hit badly. The original appraised value by the town for 350 acres in the early 90s was 900,000 when the state took over the appraisal value went up to 7 million! The concept was if the land was divided into individual lots, it would be worth a lot more. Because of the lawsuit, it was settled out of court and the state can't use the concept of individual lots when doing a tax appraisal.

A lot had happened during the time the state took over the appraisal mainly because of the education tax fiasco. I get that everyone should be taxed fairly and every child in the state should have a decent education, but there is no right formula to use and they are still playing the political game today!

[John Mercier]

Originally Posted by BroadHopper

So the state now deems that property with a view as a location plus so the state deems that that property should be taxed at its so called selling price.

At the time of the new appraisal that shot our appraised cost sky high and many others have seen an increase in our taxes six-fold. Before the town consider the property as seasonal i.e. we are on a dirt road, not maintained by the town, we don't use any town services such as schools, etc. So our taxes were low. The town has a separate rate for use. Also, my dad was a veteran and also 65+ After the state ruling, that rate is gone and there is no discount for 65+ Just veterans.

If you google the time the state took over appraisal many farmers had their property tax increased as their property is in what the realtors call an attractive location! A good example is a blind farmer whose property in Orford NH value has increased 8 fold because it was taxed at the appraised value if the farmer has to sell the property! He did get a reprieve as the appraisal was base on the value of the land if it was separated and sold as lots!

Hence the title view tax was born. Our farm was one that was hit badly. The original appraised value by the town for 350 acres in the early 90s was 900,000 when the state took over the appraisal value went up to 7 million! The concept was if the land was divided into individual lots, it would be worth a lot more. Because of the lawsuit, it was settled out of court and the state can't use the concept of individual lots when doing a tax appraisal.

A lot had happened during the time the state took over the appraisal mainly because of the education tax fiasco. I get that everyone should be taxed fairly and every child in the state should have a decent education, but there is no right formula to use and they are still playing the political game today!

The State has always deemed that any particular of a property is to be included in the assessed market price. Both positives and negatives.

The State does not do the assessing. That is generally an independent hired by the municipality, or an assessing department if the municipality has a large enough population. They only assess what the property would sell for if it were placed on the current market; per NH RSA 75.

SWPT existed long ago and was reused to meet the accounting need - is related to the Part 1 Article 28-a ratification. All State mandates must be paid with State taxes that are uniform throughout the State.

Most people do not realize that the State was founded with SWPT in place, and it included tools and livestock at the time. It still includes on-highway vehicles under a special rate consideration - that is the part paid to the municipality.

[garysanfran]

The OP didn't say he was looking for a 6-12 month investment. He said he could liquidate land in a short time... 6-12 months.

If you want a 6-12 month secure investment guaranteed to be worth more, put it in a money market account at 1%.

[fatlazyless]

Appalachian Mountain Club's Three Mile Island property is supposedly located on three different islands, and is in "current use" property tax category, so's the large building with the dining hall must be in its own separate parcel of land, or something.

How were they able to do that? ....... omg ..... ..... must have had a very smart cookie to figure that one out! ....

[John Mercier]

Originally Posted by fatlazyless

Appalachian Mountain Club's Three Mile Island property is supposedly located on three different islands, and is in "current use" property tax category, so's the large building with the dining hall must be in its own separate parcel of land, or something.

How were they able to do that? ....... omg ..... ..... must have had a very smart cookie to figure that one out! ....

You can place a majority of a parcel in CU, but AMC is a non-profit. So it may be more than CU coming into play.

[John Mercier]

Originally Posted by garysanfran

The OP didn't say he was looking for a 6-12 month investment. He said he could liquidate land in a short time... 6-12 months.

If you want a 6-12 month secure investment guaranteed to be worth more, put it in a money market account at 1%.

He state reasonable time frame of 6-12 months, and a concern for inflation.
Then a support for real estate.

Real Estate with easy liquidation is a REIT ETF; short term interest bearing with a concern for inflation is a TIPS.

[winterh]

I mentioned Bitcoin as an investment option when this thread started. Take a look. Hope you listened.

[Winnisquamer]

Originally Posted by winterh

I mentioned Bitcoin as an investment option when this thread started. Take a look. Hope you listened.

I’ve seen a roughly 200k increase since you mentioned it…. Gotta love getting in early and watching it work

[MAXUM]

Originally Posted by winterh

I mentioned Bitcoin as an investment option when this thread started. Take a look. Hope you listened.

So what exactly is the value of bitcoin based on? How can that even be considered a real investment when what drives it's price is nothing but perception? There nothing either intrinsic and tangible backing it's "value".

That to me is Las Vegas style investing.... a total crap shoot.

[FlyingScot]

Originally Posted by MAXUM

So what exactly is the value of bitcoin based on? How can that even be considered a real investment when what drives it's price is nothing but perception? There nothing either intrinsic and tangible backing it's "value".

That to me is Las Vegas style investing.... a total crap shoot.

Exactly--the sales pitch is better currency, alternative to dollar, bold new future.... But really it's more similar to gold or diamonds in a less developed much more volatile market

[winterh]

Originally Posted by FlyingScot

Exactly--the sales pitch is better currency, alternative to dollar, bold new future.... But really it's more similar to gold or diamonds in a less developed much more volatile market

Not just similar to gold but superior in many ways
https://medium.com/road-less-venture...e-e5464d5fd619

[John Mercier]

People can create other formats of cryptocurrency... to date, I don't know of anyone that can ''create'' gold.

[LoveLakeLife]

Originally Posted by John Mercier

People can create other formats of cryptocurrency... to date, I don't know of anyone that can ''create'' gold.

Rumplestiltskin! Or any other qualified alchemist. ha


Sent from my iPhone using Winnipesaukee Forum mobile app

[FlyingScot]

Originally Posted by John Mercier

People can create other formats of cryptocurrency... to date, I don't know of anyone that can ''create'' gold.

Great point--no one except the inventor of a particular cryptocurrency has any idea how much of that currency will be created and when. The buyers are simply hoping the supply will be optimal. A sucker's game for all but a few

[winterh]

Originally Posted by FlyingScot

Great point--no one except the inventor of a particular cryptocurrency has any idea how much of that currency will be created and when. The buyers are simply hoping the supply will be optimal. A sucker's game for all but a few

Actually, at least in the case of Bitcoin everyone knows exactly how much will be created. It is set in stone how much and when. I completely understand why many on this forum view it as some kind of a Ponzi scheme. The folks on here, myself included, tend to skew a bit older and more conservative. I was equally skeptical but have relatives who work in the industry and have been somewhat educated (I still don't completely get it and never will) and convinced of it's value and future. Invest in what allows you to sleep at night and never invest more than you can afford to lose but do not be so quick to dismiss a tech that you probably do not understand. It may not be Bitcoin but eventually paper money will be gone and currency will be digital just like everything else.

[FlyingScot]

Originally Posted by winterh

Actually, at least in the case of Bitcoin everyone knows exactly how much will be created. It is set in stone how much and when. I completely understand why many on this forum view it as some kind of a Ponzi scheme. The folks on here, myself included, tend to skew a bit older and more conservative. I was equally skeptical but have relatives who work in the industry and have been somewhat educated (I still don't completely get it and never will) and convinced of it's value and future. Invest in what allows you to sleep at night and never invest more than you can afford to lose but do not be so quick to dismiss a tech that you probably do not understand. It may not be Bitcoin but eventually paper money will be gone and currency will be digital just like everything else.

True that Bitcoin has posted that no more than 21 million coins will be mined. But completely uncertain that they will adhere to that cap. It is also completely uncertain who "they" are or what possible safeguards are in place to enforce the 21 million ceiling. Of course, there is a gigantic incentive for Bitcoin to increase the cap as soon as it is hit...

My fundamental problems with Bitcoin are:

It's easy to be skeptical of governments and banks, but it's absurd to think anonymous coders are more trustworthy.

The only transactions for which Bitcoin are intrinsically better than dollars are illegal transactions. For any other transaction, the fees and friction of dollars and big banks are nothing compared to the daily price volatility of crypto

[Descant]

I think I'm about 95% digital without Bitcoin. My receivables go directly to my bank account. My bills go to the same bank for autopay. I buy stuff online or in a retail store with a credit card, which is on autopay. Occasionally, a vendor will say, "Cash only. I'm saving for retirement."
I expect the creators of Bitcoin are at least as trustworthy as Congress and the Fed when they want to create more money.
I could buy Bitcoin which is certainly volatile, or something like MRNA which increased in value 500% September to September. At least a company like Moderna has physical assets that could be sold to pay debts. Bitcoin has no such assets.

[winterh]

Originally Posted by FlyingScot

True that Bitcoin has posted that no more than 21 million coins will be mined. But completely uncertain that they will adhere to that cap. It is also completely uncertain who "they" are or what possible safeguards are in place to enforce the 21 million ceiling. Of course, there is a gigantic incentive for Bitcoin to increase the cap as soon as it is hit...

My fundamental problems with Bitcoin are:

It's easy to be skeptical of governments and banks, but it's absurd to think anonymous coders are more trustworthy.

The only transactions for which Bitcoin are intrinsically better than dollars are illegal transactions. For any other transaction, the fees and friction of dollars and big banks are nothing compared to the daily price volatility of crypto

No offense but there is so much wrong with your comment that it is clear you have at best a superficial understanding of Bitcoin or how it works. I can absolutely understand why some are skeptical but so many of the arguments I hear people make against it show a complete lack of understanding. Best to just say I don't get it and it's not for me.

[John Mercier]

The problem with Bitcoin is that it is not the only cryptocurrency.

[FlyingScot]

Originally Posted by winterh

No offense but there is so much wrong with your comment that it is clear you have at best a superficial understanding of Bitcoin or how it works. I can absolutely understand why some are skeptical but so many of the arguments I hear people make against it show a complete lack of understanding. Best to just say I don't get it and it's not for me.

Please correct me on the specifics

[John Mercier]

It is not the amount of any specific cryptocurrency that I was speaking of... it was the ability to create another cryptocurrency.

[winterh]

Originally Posted by John Mercier

People can create other formats of cryptocurrency... to date, I don't know of anyone that can ''create'' gold.

Gold can be created but the process is not yet financially viable