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re: (First post) Housing related, what would you do?
Posted on 7/30/22 at 10:57 pm to ThibToShreve
Posted on 7/30/22 at 10:57 pm to ThibToShreve
quote:
Option B: With cash, buy a piece of land for between 10/15,000 and a used camper for around 5,000 and quickly rebuild emergency fund with the ~600/month difference between what expenses were while renting vs what they'll be while camping. Gradually build something on my little piece of land as cash permits after emergency fund is rebuilt.
Over the last few years I've gotten into the consignment business. That has led me to selling 5th wheels and trailers. Every-time I sell one, I tell my wife if I was single and 23 all over again, I'd have bought a 5th wheel for $40k and lived in it until I was married. In a mid-size metro like mine, I could have been 15 minutes from downtown on 5 acres with a decent camper stacking money vs paying rent.
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