You wanted granite, you got it!

SoOCOwner_IHB

SoOCOwner_IHB

New member
Or maybe it's marble. . .



We are all looking for that "final resting place". Here you go:



<a href="http://www.redfin.com/CA/GLENDALE/0-Cathedral-Dr-91205/unit-1/home/12461165">Room for 6</a>
 
You. Have got. To be kidding.



You can sell cemetary space on the MLS?



Hat tip to coworkers:



"Buy now or be priced out forever!"



"Mausoleum prices always go up!"



"Guaranteed not to be a starter home."



"To die for!"
 
The price is totally exorbitant - I myself will be cremated. I guess these crypts are for families with big bucks and lots of social prominence.



If you don't get creeped out to easily, visit the mausoleum at Fairhaven Memorial Park. There are several OC pioneers "housed" there (some of the Segerstrom family, etc.). It's kind of interesting in a strange way. . .
 
<em>Immediately adjacent to the "who's who" of numerous Hollywood Legends and celebrities.</em>



Seeing as how you can't afford to buy house amongst the celebrities, at least you and your family can have their final resting place amongst them.



I like the agent's name Raymond Schuldenfrei, very close to something else we are familiar with...



Oh... oh... <a href="http://www.realestateshows.com/show.php?mls=basic&id=301264&resize=1">look there is a virtual tour with music</a>!



Now this is for someone who takes nesting seriously, and thinks ahead...
 
Hands down best link of the week ! SoOCOwner wins the trophy !



cayci..."to die for". ROTF !



<img src="http://www.abileneawards.com/products/trophies/DTC18-BNEW.jpg" alt="" />
 
Wonder where the previous owners/tenants went? Did someone in the family find them cheaper "digs" so they could sell off this premium real estate?!
 
So many questions....do you pay property tax on this puppy? How would capital gains work? I mean, if they're dead....do they still qualify for the 500K married exemption? ;)
 
[quote author="Trooper" date=1219134380]So many questions....do you pay property tax on this puppy?

</blockquote>
Even though cemetary plots are deeded property, property tax is not assessed once the plots are sold.





[quote author="Trooper" date=1219134380]

How would capital gains work?

</blockquote>




If the owners are alive, and they realize a gain, the owners will incur capital gain tax liability on the sale of personal property at the taxpayers marginal tax rate.



[quote author="Trooper" date=1219134380]

I mean, if they're dead....do they still qualify for the 500K married exemption? ;)

</blockquote>


If the owners are dead, the estate will not incur tax liability on the sale. The deeded plots will receive a "step up" in basis usually to the sale price. Since no capital gains tax liability is incurred, the estate does not need or qualify for the exemption from capital gains from the sale of a personal residence, even if the taxpayers are "residing" in their plots. Special circumstances may apply if this is a vacation residence which is rented more than 14 days per year.


Now, aren't you sorry you asked?
 
[quote author="awgee" date=1219138487]Special circumstances may apply if this is a vacation residence which is rented more than 14 days per year.</blockquote>


Dude, I hear the sarcophagus vacation rental market is hot. That thing has a double digit cap rate. Can I depreciate it like I can a rental home, and deduct the improvements? I've got some ideas to bling that place up!
 
[quote author="Keanu" date=1219149704]$3,750 per sqaure feet? <strong>Mama Mia!</strong></blockquote>


For the after-market products it is based on the square inch basis, and this is a screaming deal. You have to convert it to inches and it is very locally market based. You really need to consult a Realturd to have a better understanding of the after-market local markets. They tend to double over ten years and it is the best way for you to create wealth. Please consult your local Realturd for more informed, accurate, and localized market data.
 
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