dragons in the flower bed Posted July 8, 2008 Share Posted July 8, 2008 Normally I'd avoid asking for financial advice in a public forum, but all of my friends and family members have a stake in my decision, so I can't get objective advice from them. (And I don't want to torture them by giving them false hope.) Because of the nature of the junk business, we had a big boon, income wise, just as everyone else was starting to need to tighten their belts. That was when we put down money on our land. We know from experience that when the economy is bad for everyone else it's good for us, so we knew we'd have money to work with. However, our business had never been subject to this long of a recession before, and it turns out that at some point even folks who deal in junk get hit by it. (It's the gas that's getting us. In every other way business is booming.) So it looks like we will need to adjust the plan. The plan was: put all of our surplus income into building our cordwood house, and move down there next year The options now are: 1. The Community Option. Give up the land, getting back about half of what we put into it. Stay here where we have family and a good network of permaculture enthusiasts, and buy a vacant lot or two in our poor city neighborhood to "farm"/romp on. 2. The Green Acres Option. Sell the house we're in, use the money to get a 24 foot insulated yurt so we can camp on the land, and build our cordwood passive solar forever home slowly over the course of five years. This means having to fetch water from a well, cooking on a woodstove, and sharing a bedroom with all of my kids, until we can afford to upgrade. 3. The Current Default Option. Continue living here, making payments on land too far away to be of any joy or use, until we have enough money to go forward with our original plan. This means a bunch of uncertainty for a good long time, and no progress towards our goals at all. If you read all of this, I thank you. If you have any suggestions for me, fire away! Quote Link to comment Share on other sites More sharing options...
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