I literally just built a house for ~$60k a couple years ago. A burned out trailer even in a rural shithole with no jobs in my state is about $100k+. An actual functional house, $250k+. This is counter-intuitive but it makes sense in context of the recent COVID 0 real interest mania.
Meanwhile all the shithole land with no "dwelling" on it was never eligible for mortgages so people weren't able to bid it up to oblivion on debt that they locked in with 30 year mortgages so you get weird results like the cost of vacant land is way cheaper than the same piece of land with a house that can really only be bulldozed (latter would be cheaper in most times in history). End result is I built an entire house on property cheaper than a burned out uninhabitable trailer. Building on unmortgagable land is a way to bypass the fact houses are all locked up in 30 year loans at negative real interest rates.
End result is it's far cheaper to build a house than buy even a shitty burned out one because to do the latter you have to buy someone out of their money printing machine of a negative real rate loan, which obviously they are only willing to do for a king's ransom.
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I won't share my address but if you are looking to do this yourself: look up fishing canneries in Alaska, most of them are close enough to cheap plots you could do this on, often even without permits or property tax. These canneries are also usually desperate for workers and pay a livable wage to those with refrigeration technology certifications.
I'd like to see what kind of house you built for 60k. My assumption is its some small maybe 300 sqft box with no sewer you spent many hours yourself building. Not something something most people would do and while cheap in dollars certainly isn't affordable if you are putting a lot of work into it.
It's basically looks like a glorified rectangular shed but it does have sewage, electric, water, and hvac. Not very impressive but every single person I've had over who's lived in an apartment has expressed interest in learning how to do the same over paying rent out the ass for a similarly sized uninspiring shit-box and ending up with no equity.
The only people that have been over that have been unimpressed are people already living in an actual house, but that's not really the target audience for this kind of thing.
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I speculated on an old well share that turned out to be good, so got a well for basically nothing. If you don't have such luck you can haul water.
I use septic, which in some counties (mine) no requirement you be licensed to build. It can be built with only a shovel and some pipes and concrete if you are on an extreme budget, although helps a lot more if you can get ahold of an excavator.
If I understood you correctly, land that has no building on it is not eligible for a mortgage, and is therefore cheaper to buy? With the downside that you have to pay cash, because you can't get a mortgage either?
Yes the land value is so insanely cheaper on un-mortgagable properties in my state, it's off the charts.
I have developed land in my county so I'm familiar with the costs to develop, buy land, place utilities etc. (I did not become a land developer on purpose, only because I realized this absolutely crazy arbitrage)
It would cost you about $200-$250k to buy a rural small acreage land with a manufactured home on it. If you pay cash for the land and drop the exact same manufactured home on it, it would only cost you about $150k, and you would get a brand new house instead of a "used" one.
There is huge pent up demand for someone to just buy a huge swath of small acreage properties and just drop the cheapest manufactured home you could on it as the non-luxury starter home market is currently not being met. You could pretty much double your money. I'm not sure why this isn't being done en masse although a few private actors seem to be doing it and making a killing.
PG&E in Northern California. Same for Edison in Southern California.
The thing about my area (Peninsula, 20 minutes south of SF) is that its not hot enough to really justify A/C, my electrical+gas bill averages out below $200 a month and my roof is old enough where it would need to be replaced before solar is installed. So a $15-$20000 expense cost for solar would actually be closer to $30-$40,000 with roof replacement, plus potentially bringing ancient wiring in my home to code will cost another handfull of thousands.
Its akin to trying to fix a slow memory leak in your application and realizing you need to also upgrade a bunch of dependencies which no longer support the current version of your tools AND refactor the frontend.
I was shopping for a range extender version and bought a battery only i3 when I saw one for the right price. Then I got a i3 rex for parts and it made me really appreciate the bev. So much more room in the engine bay and simpler overall.
Commodities futures markets have an actual purpose, which is to make business inputs (or outputs) more predictable. Like if I know I need ten tons of corn next year, it's safer to buy futures now than to wait and see how the price of corn fluctuates over that time, potentially sabotaging my business operation. (Of making corn chips.)
Similar business cases can be made for futures from polymarket. For example if I start a business in the USA I may want to hedge by buying some futures Jesus will not return before 2027.
Do we typically [0] have a problem with people sabotaging industries to manipulate the futures market?
[0] Edit: Originally wrote "currently", but then I remembered the current White House, whose various crimes are being studiously ignored by the Republican congress.
I have lived at high latitudes and agree; funnily enough around that time of year fog and cloud cover often meant no sun even if you were out during the day, records of 62 days with no sight of the sun. Crushing stuff.
But the situation you describe is literally not physically possible where I currently live due to proximity to the equator and being west of the line of longitude our clock runs on during standard time, but DST demands we wake up in darkness.
How the workday in the modern economy is fundamentally unjust. You shouldn't have to sign away your ability to see the sun for a job (unless at extremely high latitudes or extreme weather conditions).
Working with VMs always felt difficult because of this. So authoring was built-in to Docker. Now you can use Apptron to author and embed a Linux system on a web page. This aspect is usable, but it's only going to get better.
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