Thread: cheap housing
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Old 11-13-2009, 06:51 AM   #3 (permalink)
GreyWolf
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Location: Eastern Canada
There are nice trailer parks, but the cost may still surprise you. Housing isn't cheap, but it's necessary. Houses tend to be more than simply shelters, however. You seem only to see the cost side of the issue. Houses provide shelter, a stable base, a social situation, and a semi-forced-savings sort of investment (if you have a mortgage). Yes, the sub-prime mortgage crisis has taken all the value out of a lot of houses, but in the long run, real estate can still provide you with some equity. Houses are NOT a good investment from the traditional, investment perspective, but they do provide some emergency/fall-back equity if you need it.

It almost sounds like you're prepared for a fairly bohemian, unconventional lifestyle. But if you want modern conveniences, I would suggest that you decide what is a reasonable amount (for you) to pay each month, and find a house in that price range. Look only at starter homes. These tend to be more modest in space and obviously price. Pay it off as fast as you can, stay there as long as you can, and then enjoy the greater cash flow and freedom from financial worry that comes with it.
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