Re:Years of fighting every wildfire helped fuel the Western ...
by bishoprook2 on Friday August 06, 2021 @09:02AM
(#28086569)
> Building in danger zones where the home will need to be replaced in 10-20 years is an awful investment on a 30 year mortgage.
With a cheap enough house, it's just the thing. Spend all of your money on land.
Maybe the future is in RVs. If they let me get away with it, I can see scraping a parking pad in Big Sur and sticking a motorhome on it. Relatively earthquake-proof. Fire? Simply drive away. Vacations to the desert can be slept in your own bed. Want to live the classic life? Buy a GMC Motorhome.
Maybe those behemoths make sense. Live the Jim Rockford lifestyle.
This isn’t a big deal when property is cheap and can be paid off within 5-10 years, and rebuilt. But housing has become dramatically more expensive relative to cash flow than it has been historically.