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this post was submitted on 29 Sep 2023
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Not a fellow home owner, in my early 20s and debt free. I feel soo bad for people who sign the dotted line on 400k mortgage and agree to decades of slavery to the economy just to have a poorly made suburbanite 2 story 3 bedroom. My parents tell me its not worth it, and I believe them. The only option for my generation that doesn't involve half a lifetime of mortgage slavery is to either buy land somewhere extremely rural and build atop or get used to the idea vanlife/nomadic living. I refuse to get into debt, period. Would rather live out of my van and pay myself rent while working and save up the money for a little plot of land in the mountains. My sympathies to anyone who goes the 'normal' path and eats 500k in debt in this day and age.
If I hadn't bought my house at what turned out to be a steal at 240k with low interest 4 years ago I would be looking at like 50k middle of nowhere properties. If it has even a broken down house there with plumbing/electricity then it would mean that a trailer would hook up nice.
I hope you are able to save up for a nice tiny home away from cost of living nonsense with good internet!
Thank you! I am actually completely content living in a 4 season canvas tent + propane heat and would rather build my own little cabin on-site than pay 60k for a 'tiny home' (glorified shed IMO lol) I also download most of my entertainment to hard drive and have lots of offline games and ebooks (and other hobbies that don't involve the internet) so as long as I can go to the library every month or two and stock up on entertainment with their wifi ill be happy as peaches! Not everyone is willing to give up modern convinence like I am, very grateful to be able to live cheap and minimal.
I was looking at that and it's so annoying how many cities ban living on property you own like that.
Cause honestly everyone living in trailers on bits of property until land lords get foreclosed on feel like our best bet. But so many places are like nooo you gotta live in a 500k house. We would rather the lot be empty than you have a little camper trailer you live in on it.
Oh yeah absolutely was just told a story about a family who built a little tiny house for elderly parent instead of nursing home. They drew up design blueprint, got the specs, had it all professionally drafted and built to code, and then they are told to tear it all down because it was 200sqft less than minimum requirements. Like 1. why didn't they tell them that before it was approved by city and 2. come on show a little humanity even if its not exact code any reasonable person would look at that and go whatever good enough. When you can't do what you want with your property without jumping through a dozen buracratic hoops, it isn't really your property in anything but name IMO.
Also IDK where you live but over here where I am theres abandoned shopping malls EVERYWHERE left to rot. I say we should spend some tax dollars to renovate them and their big ass lots and turn them into homeless shelters/ extremely low cost living areas. No they would rather them just rot if they aren't making any money.
If more people lived with that sort of style, they wouldn't even have to give up modern conveniences. If there was higher demand, there could be development to increase internet accessibility in residences like that, better equipment for cooking and plumbing, insulation, etc. There could be modular small dwellings easy to build, like the way people used to get Sears home plans and lumber delivered and build their own house.
I don't get it either. Got into a thing with someone I know recently. What exactly is the worse case scenario if I rent for the rest of my life? And all they could come up with is I might not making as much money. Ok, so that is it. I won't be as wealthy as I could potentially have been.
So yeah a slightly shittier nursing home, big freaken deal. It's not like my entire life is going to be ruined it means that I could have had slightly more money when I am too old to do shit with it. Potentially. It isn't even a certain thing the housing market can do whatever it wants.
You people are freaken nuts. Half million dollar bet on a wood house that a single flood or fire could destroy you. You have zero control over your taxes or if some zoning department person wants to just ruin your life. And the entire awful system only exists because the government is going to bail you out. Well guess what, the government will be broke one day.
In fairness, my mortgage is never going to go up aside from property tax which is pretty reasonable here, whereas our rent was going up every year. Also every mortgage payment is at least in part a bank deposit towards when we sell at some point.
I don't know why you say that. Your taxes can easily go up, your insurance can go up, and your bank can do all kinds of games. Which doesn't even deal with if your neighborhood changes and your house is underwater.
I bought a reasonably affordable small home in 2019 when I was 21-22. I got it on a 15 year mortgage. That means by my mid 30’s I’ll own my home outright and will be able to put my entire mortgage payment (minus property taxes) into my bank account every month, opening up tons of possibilities for the rest of the best years of my life. If I was renting that would never be a possibility, and I’d have to pay ever increasing rent until I die.