Re:Do You Know Who Owns Your Debt?
by throwaway35784 on Saturday November 16, 2019 @03:21PM
(#21554718)
I bought land for $60,000. I plan to spend $100,000 on materials, utilities, fees etc and construct it myself. I want to start a revolution and want to enable people to escape the system for what is a typical down payment in most large cities today.
I was facing that choice myself: build or buy. I can do either with what I have and after much consideration, the only moral choice I can accept for myself is to build.
I feel very fortunate that I have that choice. I know others don't and so now my life mission is to bring that choice to more people and in doing so fight what I believe is causing harm to our society: the banks.
Re:Do You Know Who Owns Your Debt?
by dragosmocrii on Saturday November 16, 2019 @04:24PM
(#21555050)
In some cities if you buy land, you have to build on it within a limited timeframe.
Re:Do You Know Who Owns Your Debt?
by throwaway35784 on Saturday November 16, 2019 @05:42PM
(#21555423)
I'm not familiar with any rules like that from the city but my neighborhood rules say I have 8 months to complete building the exterior portion of the house.
There's a lot of land for sale outside cities as well with few and sometimes no restrictions even beyond time limits.
Community covenants can be quite restrictive in some areas yes.
I’ve been working only about 4 years and don’t have that kind of capital saved yet, want to set realistic goals and see if and when that’d be possible for me.