Re:The Americans Pledging to Buy Less–Or Even Nothing
by glouwbug on Tuesday January 28, 2025 @08:41PM
(#42860484)
I wouldn't recommend it if anything were to go wrong. It's a quick way to end up in bankruptcy if anyone gets hurt, or if your neighbors property gets damaged
[ Parent
| on HN ]
Re:The Americans Pledging to Buy Less–Or Even Nothing
by potato3732842 on Tuesday January 28, 2025 @08:46PM
(#42860515)
Not getting hurt isn't hard. Not trashing your neighbor's property is even easier. But this isn't the kind of project one should take on with zero experience. Do yourself a favor and buy a backhoe that's a runner to start with even if it costs 5x more than a project.
Re:The Americans Pledging to Buy Less–Or Even Nothing
by m463 on Wednesday January 29, 2025 @03:03AM
(#42862668)
> Not getting hurt isn't hard.
Are you certain?
I've done plenty of DIY projects, and as soon as you start using hand tools, the risk goes up, especially if you include cutting or drilling.
Re:The Americans Pledging to Buy Less–Or Even Nothing
by SoftTalker on Tuesday January 28, 2025 @08:49PM
(#42860537)
Thats what liability insurance is for, which you need if you own property, whether anything is built on it or not.
Re:The Americans Pledging to Buy Less–Or Even Nothing
by teeray on Tuesday January 28, 2025 @08:51PM
(#42860565)
Claim denied (mumbles reasons and lengthy and expensive appeals process). Balance due immediately.
Re:The Americans Pledging to Buy Less–Or Even Nothing
by ty6853 on Tuesday January 28, 2025 @09:12PM
(#42860702)
You can own a house as an llc.
Re:The Americans Pledging to Buy Less–Or Even Nothing
by hnburnsy on Tuesday January 28, 2025 @09:20PM
(#42860731)
'piercing the corporate veil' may well apply to your primary residence.
Re:The Americans Pledging to Buy Less–Or Even Nothing
by ty6853 on Tuesday January 28, 2025 @09:26PM
(#42860787)
I mean sure, maybe. I could also contract a disability or disease or get hit by a bus while risking my hide earning an extra couple hundred grand to buy a house.
Re:The Americans Pledging to Buy Less–Or Even Nothing
by mmooss on Tuesday January 28, 2025 @08:57PM
(#42860610)
I wonder if you could end up in jail.
Re:The Americans Pledging to Buy Less–Or Even Nothing
by zdragnar on Tuesday January 28, 2025 @09:35PM
(#42860843)
Probably, if you do something blatantly negligent and kill someone. Short of manslaughter, though, I suspect jail or prison time is pretty unlikely. You'll still be financially ruined if you don't have insurance or your insurance won't cover your foolishness though.
Re:The Americans Pledging to Buy Less–Or Even Nothing
by potato3732842 on Wednesday January 29, 2025 @06:09AM
(#42863676)
The most likely path to jail probably involves putting a bullet in a problem neighbor or government official rather than an accident of any sort.