/biz/ - Business & Finance

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Anonymous Mon Sep 19 10:49:09 2022 No.51511120 [Reply] [Original]

Why should or shouldn’t I just skip the rat race entirely and just downsize my life in order to not have to pay rent or a mortgage? I work remotely, so why shouldn’t I just buy some cheap land somewhere and plop down one of these cheap modular houses on it and call it a day? What’s the catch here? I understand that these things don’t appreciate in value like regular houses do, but it would free up my money to be invested in other shit, right? Let’s say I buy $100,000 in land and drop a measly $50,000 on the structure (at MOST), install some solar, a well, and a septic system and I’m self sufficient for life. What’s the catch here? Seems like a way better option than being a slave to an $800,000 mortgage.

Anonymous Mon Sep 19 10:53:39 2022 No.51511166

>>51511120
the only catch is that you live on a potentially undesirable asset that doesnt scale appropriately with runaway inflation.

that $800k home in 10 years might be 1.6mil in which case the owner can now do what you are thinking of doing except not have to work.

>>	Anonymous Mon Sep 19 10:54:42 2022 No.51511178 >>51511120 The catch is the government won’t let you

Anonymous Mon Sep 19 10:59:28 2022 No.51511225

>>51511120
obviously there are better ways of living life than being a slave to an 800k mortgage. Even your idea here is a better one.

If you want to make bank for a few years and live comfortably you can do this :
https://www.youtube.com/watch?v=ZZzqBh9LOTs&ab_channel=JarrodTocci

Some people stealth van camp and have no expenses besides a gym membership for shitting, showering and working out for like 2 years. And then bank like 2-300K in their account and go do something else with their money. If youre young it might be an option.

Anonymous Mon Sep 19 11:06:28 2022 No.51511300

>>51511120
>a measly $50,000 on the structure (at MOST)
it'll likely be closer to $100k. and you'll be spending another $30-40k in land improvements (grading, utilities hookups, etc.) there's no such thing as cheap when you're doing a new build, even with a tiny house™.

>>	Anonymous Mon Sep 19 11:08:09 2022 No.51511314 For me, it's bottom right.

>>	Anonymous Mon Sep 19 11:09:24 2022 No.51511334 >>51511120 Because tv ads tell you youre a failure if you dont buy a mcmansion.

Anonymous Mon Sep 19 11:41:40 2022 No.51511618

>>51511120
if you're in a country where it's easy to buy land and they will let you plop a modular house down on it and give you an address, and you're allowed to have permanent residence there, then go for it
in some places there are retarded laws that make this immensely complicated for no reason at all, other than legacy feudalism

>>	Anonymous Mon Sep 19 11:50:18 2022 No.51511702 >>51511120 >What’s the catch here? Property taxes

>>	Anonymous Mon Sep 19 11:51:48 2022 No.51511711 >>51511120 It's fine if you're okay with being single forever. If you want a family with kids you'll want more land.

>>	Anonymous Mon Sep 19 11:57:24 2022 No.51511762 >>51511120 enjoy pooping outside

Anonymous Mon Sep 19 12:13:17 2022 No.51511957
File: 55 KB, 872x960, 1616101284482.jpg [View same] [iqdb] [saucenao] [google]

Why do people always assume it's that easy? Sure, you could get the land for 100k, sure you could the MSRP price for the house at 50k.

No one ever thinks of access, water, septic, electricity, grey water management, converters for solar, secondary power sources, internet and the biggest, zoning laws.

Navigate all this and it's still just a peice of land with a depreciating asset and a high liability septic tank on it.

>>	Anonymous Mon Sep 19 12:17:08 2022 No.51512005 >>51511120 More and more Americans are choosing this option.

Anonymous Mon Sep 19 12:32:07 2022 No.51512182

>>51511120
>downsize your life

This is a poor person mentality that forces you to remain poor,

My grandmother was some bizarre antisemetic loner who traded fiat. To quote her.

>never lower your consumption, raise your means.

Maybe she was a retarded old women but I think about that mentality a lot.

>>	Anonymous Mon Sep 19 12:34:08 2022 No.51512208 >>51511300 >calling it a (((house))) ngmi. I hate the local laws I hate the local laws.

>>	Anonymous Mon Sep 19 12:34:16 2022 No.51512211 >>51512182 Not really. In the US, many rural and exurban properties appreciate faster than suburban properties.

>>	Anonymous Mon Sep 19 12:35:17 2022 No.51512229 File: 57 KB, 327x137, oxxh36d4z4u51.png [View same] [iqdb] [saucenao] [google] >>51511120 >1 post by this ID

>>	Anonymous Mon Sep 19 12:36:42 2022 No.51512249 >>51511120 You're basically just as bad as the tiny house and van lifers. Move somewhere where you can buy a comfy house for 150k. Why go through all the trouble?

>>	Anonymous Mon Sep 19 13:08:51 2022 No.51512716 I had a nice house growing up. I enjoyed like three rooms max. Dining, living and bedroom. You don’t need a big house to be happy. Just enough room for the shit you need to do.

>>	Anonymous Mon Sep 19 13:41:29 2022 No.51513251 >>51512716 >not liking the bathroom

Anonymous Mon Sep 19 13:58:51 2022 No.51513565

>>51511120
The catch is the cost per square foot of any non-traditional house just makes it not make sense. You're not really saving any money over just building a 3bed 2 bath ranch home. Also lots of houses can be modular not just those pictured. You probably drive by a ton of modular homes without noticing

Anonymous Mon Sep 19 13:59:25 2022 No.51513576
File: 1.83 MB, 1080x3963, Screenshot_20220919_065714.jpg [View same] [iqdb] [saucenao] [google]

>>51511120
This place had a 30k cut in price. Just rip it down and put you shed on the land.

https://www.zillow.com/homedetails/2439-E-Chipman-Rd-Phoenix-AZ-85040/7547658_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare

>>	Anonymous Mon Sep 19 14:07:15 2022 No.51513702 >>51513576 This is an option if it's in a good area. Just remember there's extra expense if the existing structure has lead paint or asbestos.

>>	Anonymous Mon Sep 19 14:14:01 2022 No.51513792 God I hate living in bongistan. Anyone in the USA should be barred from complaining about anything ever, their lives could not be easier.

>>	Anonymous Mon Sep 19 14:18:08 2022 No.51513858 >>51511300 most people don't realize how expensive grading the land, running pipes, power, etc. ends up being. unless you can do a lot of work yourself or have good friends, you're gonna be shelling out for your basic utilities.

>>	Anonymous Mon Sep 19 14:29:34 2022 No.51514020 How will you get internet in a rural area?

>>	Anonymous Mon Sep 19 14:36:02 2022 No.51514119 >>51511120 Nothing is stopping you from living in poverty

Anonymous Mon Sep 19 14:37:18 2022 No.51514143

>>51513858
yeah it's insane. i can't remember how deep my parents' well is, but it's nothing crazy. they paid $10k to have it drilled... 30 years ago. septic tank is $5-10k.

electrical utilities hookup is highly dependent on how far you are from existing utilities service, could be a few thousand bucks, could be $30k.

land grading is extremely important too, especially if you have a basement. poorly graded land will flood your shit.

Anonymous Mon Sep 19 14:40:13 2022 No.51514203

I bought a duplex and rent out the other side. It's basically cheating the system, I pay nothing in housing, still have a nice big apartment, and get to enjoy home appreciation and equity to boot. If you strictly rent to decent people it's like they don't even exist too.

>>	Anonymous Mon Sep 19 14:44:35 2022 No.51514276 File: 1.54 MB, 1400x787, 1_iytgkFZX4aq9_HMfdzFqWg.png [View same] [iqdb] [saucenao] [google] >>51514020 America isn't a third world country. You can get electricity and internet in surprisingly remote locations. And if all else fails, pic related.

>>	Anonymous Mon Sep 19 14:46:44 2022 No.51514323 >>51514203 >decent people What are you getting at?

>>	Anonymous Mon Sep 19 14:48:29 2022 No.51514348 >>51514323 You know exactly what

>>	Anonymous Mon Sep 19 14:49:58 2022 No.51514370 >>51514020 the internet is a jewish trick. you're better off without it.

>>	Anonymous Mon Sep 19 14:51:29 2022 No.51514399 >>51514276 not really true. my parents still can't get starlink. their only option is 6 mbps/384 kbps DSL that drops all the time. they get like 1 bar of cell service because of the hills and treeline.

>>	Anonymous Mon Sep 19 14:52:59 2022 No.51514422 File: 141 KB, 1080x604, Screenshot_20220919_075021.jpg [View same] [iqdb] [saucenao] [google] >>51511120 Don't forget. Inflation is 100% this year.

>>	Anonymous Mon Sep 19 14:53:47 2022 No.51514442 >>51513251 It's called the privy

>>	Anonymous Mon Sep 19 14:53:49 2022 No.51514443 >>51514020 My town of 1200 people ran fiber to everyone's house a few years ago. Now there are federal gibsmedats for that too.

Anonymous Mon Sep 19 14:55:32 2022 No.51514467

>>51514323
He's not getting at anything, it's a LARP. It's entirely luck to get someone who isn't going to be annoying or fuck your shit up. Even "responsible home owners" are nuisance neighbors, what makes you think someone who rents is going to be any better?

Anonymous Mon Sep 19 14:59:18 2022 No.51514527

>>51514467

Are you a fucking retard? I have them run a background/credit check, post proof of income, and jump through a few hoops for me. Every nigbrain fails. My current tenants barely exists to me.

As it turns out, shit people do a shit job of hiding their shit resume.

Anonymous Mon Sep 19 14:59:24 2022 No.51514529
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I really don't understand what the point is of these fake and gay 1PBTID threads where the claimed starter home meme price keeps rising.
Is it just to farm zoomer seethe? Is it some kind of performance art where eventually the average starter home price will be claimed to be $6 million?
Even in the expensive Northeast you can find a reasonable suburban home with minimal diversity for $250k, $180k if you're willing to take a shitpile good enough to get its permit.
As for the meme OP post, the reason you can't do all that shit economically is because it's too fucking expensive and the boomer coding regime exists to make sure it's too fucking expensive to prop up their property values. If you can get all that shit done without getting caught by the Guild or their code jannies, sure, go nuts.

>>	Anonymous Mon Sep 19 15:00:53 2022 No.51514553 >>51514203 >decent people I know what you mean. White renters are often meth-heads or fentanyl addicts, and alcoholics too.

>>	Anonymous Mon Sep 19 15:03:37 2022 No.51514610 >>51514527 Every landlord does this and they still get owned by shitty tenants. This is how we know you're a LARP. Now go re-read >>51514467 and think about where you fucked up.

>>	Anonymous Mon Sep 19 15:05:09 2022 No.51514635 >>51514610 No they don't and no they don't. I can't believe my lifehack is making you this mad. You're just validating my choices my friend, apparently this is fantasyland for you!

>>	Anonymous Mon Sep 19 15:05:14 2022 No.51514637 > why should I be a quitter and seek to achieve nothing with my life idk, you could throw yourself into a ditch and get the same results.

>>	Anonymous Mon Sep 19 15:09:42 2022 No.51514688 >>51514635 >LARPing """landlord""" seething that nobody is buying his LARP poor fella

Anonymous Mon Sep 19 15:15:40 2022 No.51514758

>>51514529
>where the claimed starter home meme price keeps rising.
The market for starter homes while has stop rising or pulled back some is still no where near the price historically. If you add loan interest rates this makes it even more apparent.
>but Anon I found a house 2 hours away from everything at a reasonable price in the northeast.
Zoomers and Millennials are still in their working park of their lives. In 20~30 years this will change.

We will see the housing market crab until March or April. After that I have no idea. It very dependent on what Russia does or if China can get there head out of their tight asses. Oh don't count out a FED pivot back to lower rates.

>>	Anonymous Mon Sep 19 15:17:35 2022 No.51514778 >>51511120 These goyboxes are so disgusting and vile. Am I the only one that sees them only a step above living in a pod?

>>	Anonymous Mon Sep 19 15:19:12 2022 No.51514802 >>51511166 You aren’t factoring in the possibility that the cost of living rises faster than housing at some point

>>	Anonymous Mon Sep 19 15:20:07 2022 No.51514811 >>51514688 I rent one unit out, dude. Right next to me. It's really easy to manage and maintain. If you own any house you're going to be doing maintenance anyway, might was well get compensated for it. Sorry your life sucks

>>	Anonymous Mon Sep 19 15:31:57 2022 No.51515004 >>51514811 Cute LARP. It's been fun.

>>	Anonymous Mon Sep 19 15:34:23 2022 No.51515038 File: 136 KB, 376x877, 12345.png [View same] [iqdb] [saucenao] [google] >>51515004 The fact that this simple thing is in the realm of "pure fantasy" to you. You're a goddamned cockroach.

>>	Anonymous Mon Sep 19 15:37:00 2022 No.51515087 >>51515038 It's normal for landlords, fantasy for you.

>>	Anonymous Mon Sep 19 15:51:55 2022 No.51515323 >>51511120 Why dedicate half of your home space for a garage? Just park it outside.

Anonymous Mon Sep 19 15:55:17 2022 No.51515379

>>51514610
>>51514527
I am not a shitty tenant by any means... well not yet...
>pay rent on time every time
>last two place were left cleaner than I got them
>I fix easy shit
>re-caulked the Bathroom
>fixing kitchen cabinets
Anyway. I'm currently renting a room in a house. I've been pouring drano down the drains in hopes that the old metal plumbing is destroyed and it will cost the corporate landlord tens of thousands of dollars to fix. why because fuck anyone buying single family homes as a investment.

I'm not a some socialist. What created the current housing frenzy was low interest rates. Who does low interest rates help the most. The rich who can pull borrow more many the poorer people. I hope the FED raises rates to the moon +20% and destroys the current debt gluttony. This will re-orientate the economy in profitable sectors.

>>	Anonymous Mon Sep 19 15:59:35 2022 No.51515449 >>51515379 >fuck anyone buying single family homes as a investment >I'm not a some socialist You sound like one

Anonymous Mon Sep 19 16:06:39 2022 No.51515532

>>51515449
You are retard the current system is based around socialized debt. Government/FED arbitrary raises and lowers the interest rate to help themselves and their fiends. I'll literally want system where the this doesn't happen. I did not say that in my post but +20% interest rate would mean everyone would barrow money anywhere but the FED.

Also asserts that require a loan would not double in price in 2 year if the interest rate was 10%.

>>	Anonymous Mon Sep 19 16:34:02 2022 No.51515931 File: 16 KB, 711x146, zoning.png [View same] [iqdb] [saucenao] [google] >>51511178 If a township or county has zoning, then there is usually a "minimum dwelling size" to prevent undesirables from building Kaczynski cabins.

>>	Anonymous Mon Sep 19 16:39:17 2022 No.51516012 File: 970 KB, 1106x1012, 1615947138928.png [View same] [iqdb] [saucenao] [google] >>51511178 Why don't we just get rid of the government then?

>>	Anonymous Mon Sep 19 16:39:18 2022 No.51516014 >>51514276 >There were some things said that weren't meant

>>	Anonymous Mon Sep 19 16:41:16 2022 No.51516058 >>51516012 I agree but we need a critical mass to pull it off.

>>	Anonymous Mon Sep 19 16:44:36 2022 No.51516114 >>51514020 Apply for starlink. Though there's quite a large backlog so apply like 2 years before you think you want it for, lol.

>>	Anonymous Mon Sep 19 16:52:46 2022 No.51516268 >>51516114 Just looked it up and starlink is up to 250K users. Nothing to laugh out but still a long way from being a big player. They are still getting more satellites into orbit.

>>	Anonymous Mon Sep 19 16:54:05 2022 No.51516285 >>51516114 >>51516268 Also would buying a fuck ton of housing in the middle of nowhere in hopes that Starlink will allow more people to work remotely a smart idea?

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