Rhodes Development
jim

Kingman, AZ

#12179 Feb 1, 2014
The land has almost no value if it is just a few acres. Your taxes should be low. If they are not you should contest them.

There are many lots that no one pays the taxes on and no one will bid on at the tax sale. The county is in the process of canceling the back taxes on many of them to get them sold. That process is not cheap for the county.

Sell the land buy gold or an index fund and twice a year buy more equal to what your taxes would be. In 10 years you will have more than the guy who bought your land
STILL BELIEVES IN PRAVADA

Irvine, CA

#12180 Feb 1, 2014
mikey007 wrote:
I drove by the Pravada development yesterday afternoon. Almost all of the palm trees have been topped from the Aztec entrance and no construction trucks can be found there. In the same area where the model homes are is a relatively new 10,000 square foot two-story green building that apparently houses the administrative offices of Kingman farms. Stretching to the west from that point is hundreds of farming acres now all lying fallow. I'm sure Rhodes received at least a 75% overall reduction in his yearly property taxes from switching to an agricultural zoning status from a residential one. I visited a few realtors' offices on Stockton Hill Rd. in Kingman and their overall consensus seemd to be that Rhodes would commence his building activites within 2-3 years from now. They are currently getting a few buyers for Golden Valley properties from people who work in Laughlin and this should continue if Laughlin adds more jobs to the mix.
Thanks a bunch, Mikey, for following through on your promise and for the report. Maybe there's a silver lining to the cloud after all.
mikey007

Flagstaff, AZ

#12181 Feb 3, 2014
Thanks, Irvine. I, too, will continue to believe in Rhodes' future projects and prospects.
Conscientious Objector

Kingman, AZ

#12182 Feb 5, 2014
Think about this. There isn't one project that Rhodes has finished or hasn't lost to a bankruptcy. Imagine having a subdivision named after you that you started, Rhodes Ranch, and not even having it in your name still and having to start a spinoff company Harmony Homes.

Just like many of us he got in way over his head in the slowdown in the economy but everyone on here is way to optimistic to think he is going to turn this around by himself.

Think about all the food he planted in Golden Valley and it froze without even having a chance to mature. A sane person wouldn't do this, planting late in the season and knowing winter is coming. I'm surprised that any of his hired hands didn't tell him that it wasn't a good idea. But even if they did he won't listen. Plus none of them work there long enough to have a say in anything anyway. Research his turnover rate. It obviously isn't his money to risk. I don't know how or where he is drumming up the farming money (USDA grants?)

It's time that people on here and in Golden Valley not rely on one person with a dismal track record to increase the value of their property. You want it to be worth more then go out there and work the property. Plant trees, extend the water, and power. Drill a well if you have to. You spent too much on it? Then sell your overpriced tract home in the big city you are in and move here. Stop trying to get on the gravy train behind one person and do something for yourself.
Conscientious Objector

Kingman, AZ

#12183 Feb 5, 2014
http://www.lasvegassun.com/news/2009/oct/19/t...

No wonder he is in Mohave County, there isn't any master planned community he could even do in Vegas. No one there would have it!
mikey007

Flagstaff, AZ

#12184 Feb 5, 2014
Kingman, Rhodes grew his limited crops solely in order to get the land rezoned agricultural. He was not in the least concerned with his vegetable profit. He saved well over $70,000 yearly in property taxes and probably doesn't have to plant again for another five years at least. He and his well-educated legal and property advisers know full well what they are doing and planning.
Brian

El Dorado Hills, CA

#12185 Feb 5, 2014
Conscientious Objector wrote:
Think about this. There isn't one project that Rhodes has finished or hasn't lost to a bankruptcy. Imagine having a subdivision named after you that you started, Rhodes Ranch, and not even having it in your name still and having to start a spinoff company Harmony Homes.
Just like many of us he got in way over his head in the slowdown in the economy but everyone on here is way to optimistic to think he is going to turn this around by himself.
Think about all the food he planted in Golden Valley and it froze without even having a chance to mature. A sane person wouldn't do this, planting late in the season and knowing winter is coming. I'm surprised that any of his hired hands didn't tell him that it wasn't a good idea. But even if they did he won't listen. Plus none of them work there long enough to have a say in anything anyway. Research his turnover rate. It obviously isn't his money to risk. I don't know how or where he is drumming up the farming money (USDA grants?)
It's time that people on here and in Golden Valley not rely on one person with a dismal track record to increase the value of their property. You want it to be worth more then go out there and work the property. Plant trees, extend the water, and power. Drill a well if you have to. You spent too much on it? Then sell your overpriced tract home in the big city you are in and move here. Stop trying to get on the gravy train behind one person and do something for yourself.
I agree that a whole town cannot depend on one person, but by looking at the region as a whole, Golden valley has a lot to offer as far as weather, recreation, cost of living, and being within 2 hours of a major airport. It will take a few years for economy to improve. The Kingman housing market is already improving. Other areas of Arizona and Las Vegas are becoming too expensive.
Whether Rhodes builds or does not build, I think the long term outlook is positive.
Brian

El Dorado Hills, CA

#12186 Feb 5, 2014
Below is link to article on Kingman market

http://www.kingmandailyminer.com/main.asp...
Brian

El Dorado Hills, CA

#12187 Feb 5, 2014
Another article regarding future passenger service from Bullhead City

http://www.laughlintimes.com/articles/2014/02...
Dan

Ridgewood, NJ

#12188 Feb 5, 2014
mikey007 wrote:
Kingman, Rhodes grew his limited crops solely in order to get the land rezoned agricultural. He was not in the least concerned with his vegetable profit. He saved well over $70,000 yearly in property taxes and probably doesn't have to plant again for another five years at least. He and his well-educated legal and property advisers know full well what they are doing and planning.
That I agree with.
Dan

Ridgewood, NJ

#12189 Feb 5, 2014
Brian wrote:
<quoted text>
I agree that a whole town cannot depend on one person, but by looking at the region as a whole, Golden valley has a lot to offer as far as weather, recreation, cost of living, and being within 2 hours of a major airport. It will take a few years for economy to improve. The Kingman housing market is already improving. Other areas of Arizona and Las Vegas are becoming too expensive.
Whether Rhodes builds or does not build, I think the long term outlook is positive.
I do too. I don't think it has anything to do with the area. The real estate market took a bad nose dive along with the economy. It takes along time to recover from a catastrophic cave in and that's all it's gonna take. Time. Lots and lots of time.
Troy

Kingman, AZ

#12190 Feb 5, 2014
Dan wrote:
<quoted text> That I agree with.
Did he get it rezoned? I thought it was open range grazing? So now there is no right to build homes?
mikey007

Flagstaff, AZ

#12191 Feb 6, 2014
Troy, I believe most of the land is now zoned A-1. This rezoning could last an indefinite amount of time until Rhodes so chooses to make an adjustment. Rhodes owns well over 5,000 acres in Pravada and surrounding acreage. The amount Rhodes saved yearly on his property taxes this year alone is closer to $150,000.00. He can write his recent growing enterprise off as an added big loss plus he built a 10,000 square foot administrative building that can be depreciated as a loss over several years to come.
Realist

Los Angeles, CA

#12192 Feb 6, 2014
Conscientious Objector wrote:
Think about this. There isn't one project that Rhodes has finished or hasn't lost to a bankruptcy. Imagine having a subdivision named after you that you started, Rhodes Ranch, and not even having it in your name still and having to start a spinoff company Harmony Homes.
Just like many of us he got in way over his head in the slowdown in the economy but everyone on here is way to optimistic to think he is going to turn this around by himself.
Think about all the food he planted in Golden Valley and it froze without even having a chance to mature. A sane person wouldn't do this, planting late in the season and knowing winter is coming. I'm surprised that any of his hired hands didn't tell him that it wasn't a good idea. But even if they did he won't listen. Plus none of them work there long enough to have a say in anything anyway. Research his turnover rate. It obviously isn't his money to risk. I don't know how or where he is drumming up the farming money (USDA grants?)
It's time that people on here and in Golden Valley not rely on one person with a dismal track record to increase the value of their property. You want it to be worth more then go out there and work the property. Plant trees, extend the water, and power. Drill a well if you have to. You spent too much on it? Then sell your overpriced tract home in the big city you are in and move here. Stop trying to get on the gravy train behind one person and do something for yourself.
Conscientious Objector, I agree with you 100%. Several of us should get together and doing something now. We should get together and discuss how we can start doing something now. I'm willing to talk.
Realist

Los Angeles, CA

#12193 Feb 10, 2014
Any thoughts on what the new amphitheater reported in the Laughlin (up to 21,000 seating) Times might do for Golden Valley or Kingman.
Villa man

Boise, ID

#12194 Feb 10, 2014
mikey007 wrote:
Troy, I believe most of the land is now zoned A-1. This rezoning could last an indefinite amount of time until Rhodes so chooses to make an adjustment. Rhodes owns well over 5,000 acres in Pravada and surrounding acreage. The amount Rhodes saved yearly on his property taxes this year alone is closer to $150,000.00. He can write his recent growing enterprise off as an added big loss plus he built a 10,000 square foot administrative building that can be depreciated as a loss over several years to come.
Mikey, that all makes sense. I am on board with the idea Rhodes has development plans for the future in GV. Unfortunately who knows when.
mikey007

Flagstaff, AZ

#12195 Feb 11, 2014
Villa man, as long as the surrounding metropolitan areas (ie,southern California, Las Vegas, Phoenix) continue to show marked home appreciation as they have in these few years past, then rest assured those thousands of baby boomers will be in a great financial position to cash-in on their home equities and invest mortgage-free in Pravada. I see this phenomenon as an ongoing dynamic that should show signs of fruition within five years or less. Let's all hope so for sooner rather than later, for it's inexorable as an end result.
RattlesnakeRay

Kingman, AZ

#12196 Feb 14, 2014
Looks like the silver turtle gave up pickle farming already but
his tumbleweed farm has grown. Better take away the keys to the graders and dozers before he expands again.
Jack m

Bullhead City, AZ

#12197 Feb 16, 2014
Prvada was an excellent idea
I for one very much look forward to its start and success
I have friends in both Roads Ranch and Tuscany in Las Vegas and these are both excellent communities
I suppose when you're extremely talented and successful people will tend to pick you a little bit
Dan

Kingman, AZ

#12198 Feb 16, 2014
RattlesnakeRay wrote:
Looks like the silver turtle gave up pickle farming already but
his tumbleweed farm has grown. Better take away the keys to the graders and dozers before he expands again.
Is it just down for winter or is the experiment over?

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