The Motley Fool Discussion Boards
Retirement Discussions / Retire Early Liberal Edition
|Subject: Canadian Town Sells $10 Plots of Land||Date: 10/19/2012 8:24 PM|
|Author: lindytoes||Number: 45864 of 70718|
Of course there's always a catch. The question is, what constitutes a permanent structure?
Canadian Town Sells $10 Plots of Land
The plan is pretty straightforward: To buy a property, wannabe homeowners have to sign an agreement and put down a $1,000 deposit. Once a lot is purchased, owners have 90 days to begin construction, and 12 months to complete it. As soon as the town receives the occupancy permit, they will refund $990 of the original down payment.
“You don’t have to live here full time, but you do need to put up a permanent structure,” said Chalmers.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|