The land can go negative in value; does the LVT start paying you at that point?
But that would make the land valuable again …
It’s quite possible to have a plot of land (especially in more rural areas) that is “worth” $10k but has state mandated cleanup required that costs $60k.
But that would make the land valuable again …
It’s quite possible to have a plot of land (especially in more rural areas) that is “worth” $10k but has state mandated cleanup required that costs $60k.