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Wednesday, January 14, 2015

frugal living 3


FRUGAL LIVING 3

NO RENT

Again, it confuses me why people think they need a thirty year mortgage to live comfortable lives.  A car is bad enough, taking a quarter of your income for seven years, overpaying for a technology a hundred plus years old which should have declined in price due to economics of scale rather than increased.  But to pay rent to a landlord or to pay a mortgage to the bank is far worse at half your income pretty much forever.  At least with a car there is the theoretical ability to reduce payments for a short time.  And at least with a car you are theoretically making money with that “investment” since it gets you to work, allows you to buy in bulk at a distant market, etc.  With rent or a mortgage ( just referred to as rent since you rent a house from the bank, then rent it from the county government ), there is no “investment”.  You are, pure and simple, pouring money down a toilet.  Construction material is so poor in quality, and the prices so insane ( advances in price have far outweighed any theoretical gain from interest payments being tax deductible long ago ) that to call a mortgage an investment for rent free living is ludicrous.  By the time you stop working the thing is in such poor condition from having inferior materials, along with desperate local governments having jacked up property values artificially ( the federal government lives on inflation and borrowing, but local governments must survive on increased taxes and reduced services ), you are paying almost as much in repairs and increased taxes as when the mortgage was first budgeted for.  Hyperinflation never effects wages as much as taxes and resources are increased in price. 

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Pure and simple, rent is a ball and chain you can never escape from.  Ever.  It was designed that way to enrich our rulers.  If you think your Constitutional rights as an American will protect you from the Federal government and the Federal Reserve Bank, you are a naïve putz.  You are, to not put too fine a point on it, a moron.  You are a moronic putz.  Should I go on?  Now, I can already hear the commotion in the third row as you loudly proclaim that your wife will never live in a shack, nor shall she ever allow the kids to be herded to school or other activities on a cluster of bicycles.  I hear you, believe me.  But controlling your bitch is your problem.  If you can’t control her, deceive her.  Or leave her.  There are, I’m told yet an skeptical even as these reports come from female types, that there are ladies out there who don’t mind living primitive for a short time to gain all the benefit’s a debt free life deliver.  You’ll have to figure out how to sell this short term sacrifice.  Just keep in mind that ladies are very competitive with other females, and husbands and houses are a score card in that fight.  She hates you for picking her for her good looks as if she were a piece of meat, yet you are picked to increase her pecking order in the hen flock combat arena.  If you can work around that, or find that rare female who is a little smarter than the rest who will mute that natural desire, you can win her over.  Starting out living frugal in a rudimentary shelter doesn’t mean you stay there.  You move there, than use cash flow to debt free improve your living conditions.  And it won’t take thirty years.  Do it right and it won’t even take three.  More on that in the shelter section, as well as more on dealing with the wife in its own section.

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19 comments:

  1. just for fun, what would you do if you won a mega jackpot? A million dollars or maybe two or three million after taxes of course. It would be an interesting post.

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    1. Hmmm. I don't know about an interesting post.

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  2. Jim my step granddaughter is proof of this . Her and her hubby live in a borrowed car in enclosed parking lot of a friends business in a getto part of town. Last spring she stayed with us while he worked out of town. He came back with about 1500$ cash . I had found a decent 97 long wheel base van for 1000$ It ran good but looked like hell. Offered to redo the inside for them to have a small home . It gave them a place to live and a way to go to work at no cost . They REFUSED bought a saab wagon for 900 cause it was cheaper and looked good. They got a weekly rental room for 3 weeks before they were broke a week later the coil pack went on the saab ( replacement 1200$ used) sold car for scrape 2 more weeks in hotel till that ran out. Spent 4 months in a tent in her moms yard and from October till now in a car borrowed from his mom parked in the getto for a home .All this because living in a van on purpose was not good enough. Keep repeating the truth.

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    1. Luckily for me, trying to figure out people will take the rest of my life and I'll have plenty of writing material

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  3. And the bad thing about rent, is that other than government rent (property taxes) most of it is avoidable. A lot of land (or three to rotate between if there are rules against trailer/rv living in the area) plus the cost of a decent trailer/rv is a LOT cheaper than the cost of a house almost everywhere. Junk land is even cheaper.

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    1. Just beware gas cost/availability issues if you go semi-mobile.

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    2. You only need to be as mobile as the regulations of the area require, if you choose a good are. Great junk land has little to no regulations so requires little mobility. (park a shed on the lands to sleep in when you go 'camping' there, and get to your 'camping lands' via bike or horse if worst comes to worst.

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    3. I'd love land you could only get to by bike. If I was doing it over again I wouldn't bring an RV but cart in lumber piecemeal and then I'd be a lot more secure ( without a road ).

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    4. Actual one of my parcels has no road access - only small creek access. (unlike Nevada, Montana doesn't allow travelling along section boundaries but does allow travel between the high water marks of any year round body of water).
      I haven't been out to survey it in person, since the Farmer neighbor on 3 sides is a bit of an arse about it, and I am busy with the easier to access parcel (easier still isn't _easy_ by any stretch, if I am to use the road year round with motor vehicle I will have to plow it myself for nearly 2 miles). The nicest thing is the utter lack of rules - as long as I don't hook up to the grid I can build what I want when I want how I want, I am fully responsible for anything built on the land, and anything that happens to it, but honestly when you don't have to worry about any building inspector or nosy HOA telling you; you have to do XYZ you get a whole lot of options even with a road, and the road allows for lots of stuff to be brought in at once.

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  4. Do you not pay taxes on your real property?
    We pay a little over $800 a year here in the sticks for a 1600sf 2 story on 5 acres
    In FL where we used to live the property tax was $3800 a year for a 1600sf 1 story on 1/4 acre.
    It's good to have that noose greatly lightened.

    Oh yeah, there were numerous potholes on the street of our FL house, there haven't been any on the road of our current house and haven't been for the almost 9 years we've lived here.

    With the gov't, it seems, the more you pay the less you get. I have no use for any of it. fukem ded

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    1. I think around $40 for the three lots here. They really jacked it up from one year to another. I recall like 20%. Scary they can do this every year at a whim. Started out six years ago $20 total. Most years, 3% increase. But if they keep at 20%...

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    2. I was going to ask you about the property taxes there in Nevada Jim. So if you had one lot around $3K, what would you expect to pay? The $40.00 per year is still great, but it makes me uneasy that they can just jack it up like that from year to year? As F'ed up of a state as CA is, at least they have proposition 13 in place to keep your property taxes from jacked up drastically from year to year. But no worries, they just get you in other ways...

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    3. Look hard at the property tax bill. How much of the tax is on the BARE land, and how much on the "improvements" (house)?

      This is a major component of the Great Maned One's "keeping the tax bill low" plan. Non-permitted, and or non-habitable structures are taxed tiny or not at all. If you don't have power/plumbing/sewer in and out, most people and many tax-feeders can hardly comprehend that people could exist after the tanks run out on an RV.

      Solar power (even 300-500W) means you don't run a genset more than minimum needed to keep it operational (couple hours a month). Compost toilet means that all of your tank water is drinking/careful bathing water. Grey water can water your flower garden. There is no black water. Bicycle means that car ins. is optional, and you get to burn off the nasty cheap carbs that your part time job may give you for free.

      pdxr13

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    4. I don't even trust the bastards to not tax small sheds or whatnot. Everything is on wheels or pallets.

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    5. 610- expect to pay, raw land, about $6/$8 a year on a $3k lot.

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  5. Property taxes are your 'government rent' and some states have what is called a "homestead exemption" especially in the west. Everyone should check out their states rules for that sort of thing. Also consider owning the land in the name of an LLC to protect it and you from lawsuits. And compare the two sets of laws for your area.
    I hate lawyers as a class, but finding a decent one in your area to have on your side is very, very, useful for all sorts of things including structuring your land ownership.

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  6. An LLC per piece of property is a paper-thin veil that can be pierced by any 3rd year hack if the target is YOU. Better than nothing for the purpose of obscuring an initial property ownership search, but maybe not as good as a real non-profit corporation (save the veterans from homelessness and impecuniousness) inside some layers of holding companies.
    The worst thing that can happen in to find a rare titmouse or speckled range grass on your land, or have it declared a "wetland" (even Elko could be a wetland for EPA purposes because rain has fallen and puddled at some time since 1973). No roads, deep ditches eliminating shoulder pull-off, and no trespassing signs would be good for making the area less likely to be investigated as a useful barbeque party area by the car-borne Gaia-loving crowd.

    Remember farmers in Rhodesia. The lesson is to always be in the majority and armed to the teeth.

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    1. Yep, fighting the crowd is silly. Which of course is why we foolishly do it, hating on central government and being anti-PC and such. Still, for a time pretending to be apart from the sheep helps us sleep at night.

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    2. Sure, once you get the LLC you can transfere ownership to what ever shell holding companies, non-profit orgs, or trusts you want. And you can add layer after layer if you feel the need to, and have the $$$ it takes. But about $50 is enough to get a single layer LLC to separate the land from your direct person.

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