I knew since college 20 years ago that I would never afford a house. Where I was houses was $300,000 (20 years later and they are $1,000,000). So during this time I found a way out of that greedy broken system.

Few months ago we bought land. The land was less than just paying for 1 years rent where we were from. So now my “rent” is the yearly property tax $150 per year. Very affordable.

We were living in a small car for a while. Twin bed, battery with solar, and a small 12v fridge. It worked good for us. Plenty of people live in cars (lookup cheapRVliving on YouTube)

Currently live in an RV we paid $3,000 for. Just had a 2,500 gallon water tank delivered, used a 20% off coupon to get that. Always looking for deals.

In the next few years we are going to build our house using dirt and rocks (hyperadobe) that we have on our land. It’s a lot of labor but it’s super cheap.

Homeowners who had assumed their properties would become valuable assets and provide security described their homes as “money pits” and “financial burdens”, and said they felt stuck in homes they could barely or no longer afford, with insurance, taxes, utilities and maintenance now often costing more than people’s mortgages.

Bubble. And it will get worse with climate change: https://www.nature.com/articles/s43247-023-01173-x

There’s a term that’s going to get popular: “uninsurable”.

“I bought this house 19 years ago for $220,000,” she said. “If I’m lucky, I can sell it for $300,000.” Local house prices, she said, had not gone up by very much in all this time, in part because local property taxes were prohibitively expensive.

Classic hypocrisy. Complaining about how much houses costs when you want to buy, and then complaining about how little houses costs when you want to sell.