It’s a plan for yourself for where you want to be 5 years from now so you can figure out what you need to do to get there.
I want to own a home, so my plan includes figuring out where I need to move to make that possible because where I live right now it’s literally impossible as a single person.
If you don’t mind living in the middle of nowhere, and you live in the US, save up for a mobile home. You can get a used one dirt cheap, (<$10,000 in most of the middle of the country,) and it will be perfectly functional. Look up land that is still covered by the homestead act, put the trailer on the closest available land. Fence off up to 500 acres, depending on jurisdiction, and improve the land for five years. Apply for a deed from the Federal Government. Enjoy your free land. Make sure you survey the land, not all of it is actually desirable.
Edit: bonus if the land is forested. Get a chainsaw sawmill and build “additions” to your mobile home until the mobile home is no longer needed, and you have a house. Also clear at least 300 feet from your house in case of forest fires.
The issue there is ‘middle of nowhere’. I remember in an episode of Top Gear they bought a house in Detroit for like $5000. But that was because it was in one of the worst parts of Detroit, which has virtually no jobs, no industry, and high crime rates.
Houses are cheap where there’s nowhere to work nearby. Land is cheap if you want a 5-8 hour drive to the nearest store. So if you want to buy a house, you need a remote job. And you won’t even get that probably in the middle of nowhere unless you have Starlink.
It’s a plan for yourself for where you want to be 5 years from now so you can figure out what you need to do to get there.
I want to own a home, so my plan includes figuring out where I need to move to make that possible because where I live right now it’s literally impossible as a single person.
If you don’t mind living in the middle of nowhere, and you live in the US, save up for a mobile home. You can get a used one dirt cheap, (<$10,000 in most of the middle of the country,) and it will be perfectly functional. Look up land that is still covered by the homestead act, put the trailer on the closest available land. Fence off up to 500 acres, depending on jurisdiction, and improve the land for five years. Apply for a deed from the Federal Government. Enjoy your free land. Make sure you survey the land, not all of it is actually desirable.
Edit: bonus if the land is forested. Get a chainsaw sawmill and build “additions” to your mobile home until the mobile home is no longer needed, and you have a house. Also clear at least 300 feet from your house in case of forest fires.
That’s a pretty interesting consideration lol thanks for the info!
The issue there is ‘middle of nowhere’. I remember in an episode of Top Gear they bought a house in Detroit for like $5000. But that was because it was in one of the worst parts of Detroit, which has virtually no jobs, no industry, and high crime rates.
Houses are cheap where there’s nowhere to work nearby. Land is cheap if you want a 5-8 hour drive to the nearest store. So if you want to buy a house, you need a remote job. And you won’t even get that probably in the middle of nowhere unless you have Starlink.