{"id":7035,"date":"2017-06-08T21:44:53","date_gmt":"2017-06-09T04:44:53","guid":{"rendered":"https:\/\/stapletonion.com\/?p=7035"},"modified":"2020-07-10T20:39:33","modified_gmt":"2020-07-10T20:39:33","slug":"man-puts-heloc-on-stapleton-home-purchases-one-quarter-of-nebraska","status":"publish","type":"post","link":"https:\/\/stapletonion.com\/?p=7035","title":{"rendered":"Man Puts HELOC on Stapleton Home; Purchases One-Quarter of Nebraska"},"content":{"rendered":"\n
\"\"<\/figure><\/div>\n\n\n\n

Home prices in Stapleton continue to soar, making it difficult for new buyers to come in to the Stapleton market. Homes purchased for under $500,000 ten years ago are now selling for over $700,000. For most of these homeowners, that extra equity doesn\u2019t do them any good. \u201cIf we sell our house, where are we going to move?\u201d asked long-time Stapleton homeowner Keith Wallace. \u201cWe love living in Stapleton and in Denver, and if we sold our house, we would have to pay more to buy. We don\u2019t want to move to Highlands Ranch or Brighton.\u201d Other residents have the same thoughts. \u201cI guess it\u2019s fun to talk about,\u201d said Lauren Davis. \u201cBut, it doesn\u2019t do us any good. Maybe we pay more property taxes, but that\u2019s about it.\u201d Resident Nick White became frustrated by having all of that useless equity, and decided to do something about it. \u201cWe already have a finished basement, and didn\u2019t have anything else outside we were hoping to do,\u201d said White. \u201cSo, we wanted to make a financial investment that may be a little risky, but could pay off. Ultimately, we decided to purchase a lot of land in western Nebraska. Essentially, about one-quarter of the state.\u201d White says he and has family have no plans to ever live in Nebraska, but the investment could possibly pay off. \u201cWith the United States pulling out of the Paris Climate Accord, who knows, weather could change in the next ten years, and that portion of the country could be appealing. Plus, some people do like living in Nebraska, like other Nebraskans, so I can lease land to Nebraskans who continue to want to live there just so they can easily get to Lincoln to watch their irrelevant football team.\u201d White says Nebraska wasn\u2019t the only place he considered purchasing land. \u201cWe looked at Kansas and Oklahoma, two of the other bottom five states, but ultimately settled on Nebraska. Nebraskans continue to want to live in Nebraska, so I figured I would have more potential buyers.\u201d White\u2019s total investment was just over $300,000, and he believes he can conservatively expect a 15% return in ten years. \u201cIn the end, my money will be doing something, instead of just sitting there,\u201d said White. \u201cSure, it is sitting in Nebraska, but at least it will be doing something for me.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

\t\t\t\t\t\t<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[58],"tags":[],"class_list":{"0":"post-7035","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-issue-148","7":"entry"},"_links":{"self":[{"href":"https:\/\/stapletonion.com\/index.php?rest_route=\/wp\/v2\/posts\/7035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stapletonion.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stapletonion.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stapletonion.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stapletonion.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7035"}],"version-history":[{"count":1,"href":"https:\/\/stapletonion.com\/index.php?rest_route=\/wp\/v2\/posts\/7035\/revisions"}],"predecessor-version":[{"id":7964,"href":"https:\/\/stapletonion.com\/index.php?rest_route=\/wp\/v2\/posts\/7035\/revisions\/7964"}],"wp:attachment":[{"href":"https:\/\/stapletonion.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stapletonion.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stapletonion.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}