Let's talk financial survival.
In the next three to six months, I'll probably buy my first home. The problem comes as to which type of home I should buy.
My hometown is conservative, and there are a lot of cheap, small, older homes nearby that are perfectly safe. We're talkin' $60-80k. OTOH, literally 2 miles to the east, I can start finding acreages starting out at $100k and going up.
And here is the kicker, I can buy cheap and save a bundle in mortgage payments, taxes, utilities and gasoline. I'll be dependent on the city for water, electricity and such, but I'll have plenty of money for stockpiling food and such, if the shtf. Or, just as likely, to pay for my exploding utility, property, and gasoline taxes as promised by Obama. Still, I'd be in very good financial shape, regardless of what Obama does. Only with the threat of total collapse would I be endangered.
If I move east, I'll have no water bill (I'll be on a well and septic system), or trash bill (burn your own), but the property taxes (land tax is cheap), mortgage, and gasoline expenses will be higher, not ot mention the cost of a riding lawn mower. In my price range, I'll have to buy a "fixer upper." And with the added expenses mentioned above, I might not be able to fix it up immediately. In other words, I'll probably have to wait 5-10 years before remodeling the house the way I want it.
In the meantime, if the shtf, I'd have water and land to grow my own food, and the countryside would seem to be safer than the cities. Still, if gas or taxes go so high that I can't afford to drive to work or pay the property taxes, how's the acreage going to help me then? On the contrary, it would hurt me due to the added costs of upkeep and transportation.
Right now, prices and interest rates are down. So, if I buy an acreage for say $100k, I might be able to make a killing on it later should I decide to sale.
What to do, what to do.
Let's hear your opinions. Cheaper home: more money in my pocket, but more dependent on the city vs. acreage home: less money in my pocket, but more independence for when the shtf?
Another Q, how far would you be willing to drive to work? I ask because I looked at and turned down a place that was 25 miles from where I work, and recently I came across a place that was 20 miles from work. Right now, I'm a little under 10 miles from where I work. I think distance needs to be a concern b/c the instability of gasoline prices, especially while the commies are in control. My truck gets 16 city, 24 highway.
Finally, would anyone consider living on a "main street" if it were far into the countryside? I've seen several homes for sale on a major street, often they are very nice. Still, they are so far out in the country side, it doesn't feel like a major city street. (Oh, and most of thjose homes are gated too.) Yeah, I can just imagine the hoardes of starving walking right past my place when zombie time strikes.
Rage
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