Win a copy of Grocery Story this week in the City Repair forum!
  • Post Reply Bookmark Topic Watch Topic
  • New Topic
permaculture forums growies critters building homesteading energy monies kitchen purity ungarbage community wilderness fiber arts art permaculture artisans regional education experiences global resources the cider press projects digital market permies.com private forums all forums
this forum made possible by our volunteer staff, including ...
master stewards:
  • r ranson
  • Nicole Alderman
  • Anne Miller
stewards:
  • Mike Jay
  • paul wheaton
  • Joseph Lofthouse
garden masters:
  • Joylynn Hardesty
  • Steve Thorn
  • James Freyr
  • Greg Martin
  • Dave Burton
gardeners:
  • Carla Burke
  • Pearl Sutton
  • Dan Boone

What's our best move?

 
Posts: 4
1
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Greetings!

Note: we are from South Puget Sound WA. Olympia/Tacoma area.

We are selling our house of 15 years in the next couple of months. We expect after the dust settles, to walk with around 80k. We have purchased a 29' travel trailer as our transition home while we 1)  acquire land
2) start building our strawbale home/off grid homestead permaculture dream world!

Here's the road block. We cannot decide if we want to put 25-35% down on land, and fianance the rest ...OR, go smaller and purchase out right.

By selling the house, we are paying off all debts (not a lot) including the trailer. We want to go off grid debt free. This comes from much advise by off griders. NO DEBT!

Anybody have a simlair situation here? There are many more details to this journey. I would honestly love to chat with anyone wanting to listen to more details. We are a family of four and it's been our dream to make this move for a long time now.

✌🏼🌱



 
Posts: 233
Location: Western Massachusetts (USDA zone 5a, heating zone 5, 40"+)
10
urban
  • Likes 1
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
It sounds like you've been getting advice from other off grid folks to avoid debt.  If so, why take on a mortgage if you don't have to?

Can you get the amount of land you want without a mortgage by looking for marginal land that you could restore / improve?
 
master pollinator
Posts: 11204
Location: Central Texas USA Latitude 30 Zone 8
678
cat forest garden fish trees chicken fiber arts wood heat greening the desert
  • Likes 2
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
How much land do you want?  I've personally found that 20 acres of degraded land is probably more than I can care for, but about the minimum size for privacy from neighbors.  When we were shopping for land we initially thought 5 acres were all we could afford for cash, but realized that we could get 4 times as much land for only about twice the price, as the smaller parcels were much more expensive per acre plus they tended to be in more built-up areas.  We looked farther out and got more land.  We paid cash for the land but got a mortgage for the house, which we paid off in about 15 years.  If you can swing it with no debt at all, I think that would be best.  I can't express how much more secure I feel owning the house and land.  We can live on a very small income now.  
 
On top of spaghetti all covered in cheese, there was this tiny ad:
September-October Homestead Skills Jamboree 2019
https://permies.com/wiki/118704/permaculture-projects/September-October-Homestead-Skills-Jamboree
  • Post Reply Bookmark Topic Watch Topic
  • New Topic
Boost this thread!