Do You Know Who Owns Your Debt?

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.

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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.

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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.

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