Skip to comments.Want To Move To A Small Town? A Manitoba Community Is Offering Lots For The Low, Low Price Of $10
Posted on 10/17/2012 11:53:08 PM PDT by Daffynition
As wonderful as small town life can be, it's not always the best of times.
In a world where fast-paced technology and big cities are driving the economy, many small towns are struggling to attract new residents and keep young people from leaving.
Not because it isn't a great town, with great people. But because there aren't as many business or job opportunities as in big cities.
Well, a town in southwestern Manitoba has come up with a bold idea to attract new people to the community.
It's offering plots of land for just $10.
(Excerpt) Read more at cbc.ca ...
They might want to open up some more of these lots after Nov. 7.
“We collected this certificates like crazy in the ‘50s....foolishly thinking that if we had enough of them, we ‘d eventually have a square foot to stand on.”
If you got oil rights with that, who knows... :)
Interesting approach to attracting people. Of course, what they don’t mention in the headline is that to qualify for the $10 price you actually have to build something and get an occupancy permit within a year.
*There is no free lunch*.....if you look at the linked article, toward the bottom are several links to documentaries ans stories about how how some towns are trying unique campaigns to grow themselves in this Husseineconomy.
One is *As Goes Janesville’*...hometown of Paul Ryan. :)
** Not only do [certificate holders] not own the land now. They never did, because each individual deed was never formally registered. The Klondike Big Inch Land Co., an Illinois subsidiary established to handle the cereals land affairs, has gone out of business. And anyway, the Canadian government repossessed all the land back in 1965 for nonpayment of $37.20 in property taxes.**
A lot for $10 but a tax of $1,000 annually I bet. There’s always a catch.
The catch is you don’t get something expensive for nigh unto free. You don’t have to pay cash up front ($10 amounts to free) but you still have to do something worth a city lot.
I’ve been fascinated by “free” real estate for a while (a variant of my tagline). Dollars up front may be low, but there’s a transfer of nontrivial wealth involved somehow. Supply and demand still holds.
Exercise: go to zillow.com and look up properties under $100 in your state. Most states have some.
Manitoba is NORTH OF North Dakota. They have only two seasons there: “Winter” and “Bad Ice”. A furnished house there on the lot would be barely be worth the price.