I am not a doomer. My wife and I work in TV and advertising, which could be hit hard by a deep recession. Losing our jobs could make our current housing payment impossible, draining our savings. If I sold or walked away from my current house and bought some acreage I could be paid-up and debt free, living off the land until the storm passes. With internet access we could both continue to remotely do whatever freelance work we could drum up.
I have a friend who inherited some forest/farm land that currently sits idle. My thought is to come up with a scheme to either purchase or option some of his acreage, with the possiblilty of making it a fully off-the-grid sustainable farm. If things don't get that bad, it can just be a really cool place to take the kids on the weekends.
The advantage of this vs starting from scratch buying land from a stranger would be that I wouldn't necessarily have to pay up front, there is already a house on the property, and having a good friend next door would be nice in tough times. Maybe I would also get a 'buddy price' on the land. My friend's brother and my brother both do construction, so that would be huge.
My first thought would be to put solar panels on the house. Then if SHTF, we could live there while we built the next house. A cistern would probably also be in order, but I believe there's a lake on the property, too. I don't know how many acres he has and I don't have any idea how many acres I would need. I'm a city boy and 1 acre seems big to me. Anybody know how many acres I would need to support a family of four?
My first hurdle is convincing my friend that there is even a small chance of a global financial collapse or other incident that would make these preparations necessary. Anybody have a good source for the Cliff's Notes on this topic?
Thanks.
Jimmy
I have a friend who inherited some forest/farm land that currently sits idle. My thought is to come up with a scheme to either purchase or option some of his acreage, with the possiblilty of making it a fully off-the-grid sustainable farm. If things don't get that bad, it can just be a really cool place to take the kids on the weekends.
The advantage of this vs starting from scratch buying land from a stranger would be that I wouldn't necessarily have to pay up front, there is already a house on the property, and having a good friend next door would be nice in tough times. Maybe I would also get a 'buddy price' on the land. My friend's brother and my brother both do construction, so that would be huge.
My first thought would be to put solar panels on the house. Then if SHTF, we could live there while we built the next house. A cistern would probably also be in order, but I believe there's a lake on the property, too. I don't know how many acres he has and I don't have any idea how many acres I would need. I'm a city boy and 1 acre seems big to me. Anybody know how many acres I would need to support a family of four?
My first hurdle is convincing my friend that there is even a small chance of a global financial collapse or other incident that would make these preparations necessary. Anybody have a good source for the Cliff's Notes on this topic?
Thanks.
Jimmy
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