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Re: What is the minimum you can live on [Re: danny clifton] #7368979
10/01/21 01:18 PM
10/01/21 01:18 PM
Joined: Jan 2008
Posts: 6,423
Alaska and Washington State
W
waggler Offline
trapper
waggler  Offline
trapper
W

Joined: Jan 2008
Posts: 6,423
Alaska and Washington State
It used to be that you figured about 1/4 of your income for housing, now it's 1/3. Of course that is a general figure, but it illustrates that housing is getting more expensive. Also, I doubt the 1/3 figure factors in the recent inflation we've had.


"I'm not skilled to understand"
Re: What is the minimum you can live on [Re: danny clifton] #7368991
10/01/21 01:27 PM
10/01/21 01:27 PM
Joined: May 2011
Posts: 11,109
Oakland, MS
yotetrapper30 Offline
trapper
yotetrapper30  Offline
trapper

Joined: May 2011
Posts: 11,109
Oakland, MS
I guess it depends. The county I live in is very rural. When my mom was looking to move here 2 years ago I looked at renting them a place. $800 was the cheapest I found, with nothing included. I was shocked. That would have been about 50% of their income. Ended up buying them a house instead, with us being their landlords.

Re: What is the minimum you can live on [Re: danny clifton] #7368993
10/01/21 01:28 PM
10/01/21 01:28 PM
Joined: Dec 2010
Posts: 8,601
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 8,601
Armpit, ak
Banks sell a lot of your mortgages. The government is the big bad guy.


Who is John Galt?
Re: What is the minimum you can live on [Re: Dirt] #7369194
10/01/21 07:03 PM
10/01/21 07:03 PM
Joined: May 2010
Posts: 8,224
mn north of blakely
S
Steven 49er Online content
trapper
Steven 49er  Online Content
trapper
S

Joined: May 2010
Posts: 8,224
mn north of blakely
Not the government, the federal reserve.

Who else can afford to borrow money at 2.5 to 3.5 percent interest during 5 percent inflation?

Re: What is the minimum you can live on [Re: danny clifton] #7369196
10/01/21 07:13 PM
10/01/21 07:13 PM
Joined: Jan 2014
Posts: 14,676
North East Kansas
Marty Offline
trapper
Marty  Offline
trapper

Joined: Jan 2014
Posts: 14,676
North East Kansas
Originally Posted by danny clifton
It can not hurt to own your home outright. Iím nervous about all this communist stuff going on. Under communism you lose real property. It all belongs to the state. There have been more than one successful communist revolution. Would it succeed here? I donít know.


It IS succeeding and they are lining things up for when they drop the hammer.


Live/Die with Integrity and Honor.
Re: What is the minimum you can live on [Re: white dog] #7369211
10/01/21 07:33 PM
10/01/21 07:33 PM
Joined: Dec 2006
Posts: 982
MI
T
trappingthomas Offline
trapper
trappingthomas  Offline
trapper
T

Joined: Dec 2006
Posts: 982
MI
Originally Posted by white dog
I don't see how people can afford to pay market value for health insurance and still afford to live.



This! Wife and I saved up and worked hard. We bought 100 acre farm that had very low taxes due to being in a farming program (and development rights were sold to gov.).

Paid it off now farmers rent check far exceeds taxes, up keep, and insurance costs. But health care or insurance costs are nuts!

Re: What is the minimum you can live on [Re: Steven 49er] #7369218
10/01/21 07:41 PM
10/01/21 07:41 PM
Joined: Dec 2010
Posts: 8,601
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 8,601
Armpit, ak
Originally Posted by Steven 49er
Not the government, the federal reserve.

Who else can afford to borrow money at 2.5 to 3.5 percent interest during 5 percent inflation?


Freddy and Fanny . Still in conservatorship of FHFA . The Federal Housing Finance Agency is an independent federal agency in the United States. Federal agency isn't that government? confused

"Fannie Mae and Freddie Mac are federally backed home mortgage companies created by the United States Congress."

Last edited by Dirt; 10/01/21 07:48 PM.

Who is John Galt?
Re: What is the minimum you can live on [Re: danny clifton] #7369230
10/01/21 08:04 PM
10/01/21 08:04 PM
Joined: May 2010
Posts: 8,224
mn north of blakely
S
Steven 49er Online content
trapper
Steven 49er  Online Content
trapper
S

Joined: May 2010
Posts: 8,224
mn north of blakely
Fannie and Freddy are selling those mortgages. Most of them to the Fed.

Re: What is the minimum you can live on [Re: danny clifton] #7369239
10/01/21 08:19 PM
10/01/21 08:19 PM
Joined: Nov 2017
Posts: 7,241
Maine, Aroostook
Posco Offline
trapper
Posco  Offline
trapper

Joined: Nov 2017
Posts: 7,241
Maine, Aroostook
Originally Posted by danny clifton
Except somebody is paying those real estate and rent prices. If no one was paying it would go down

I heard on the radio just the other day that the median price of a home nationwide is just under $400,000. I couldn't begin to afford that. My son-in-law just purchased five house lots in the Charlotte area for $250,000 a piece. Then you have to put a house on it. This is my retirement home.

[Linked Image]

Re: What is the minimum you can live on [Re: Posco] #7369263
10/01/21 08:52 PM
10/01/21 08:52 PM
Joined: Dec 2006
Posts: 982
MI
T
trappingthomas Offline
trapper
trappingthomas  Offline
trapper
T

Joined: Dec 2006
Posts: 982
MI
Originally Posted by Posco
Originally Posted by danny clifton
Except somebody is paying those real estate and rent prices. If no one was paying it would go down

I heard on the radio just the other day that the median price of a home nationwide is just under $400,000. I couldn't begin to afford that. My son-in-law just purchased five house lots in the Charlotte area for $250,000 a piece. Then you have to put a house on it. This is my retirement home.

[Linked Image]


Jealous of you! No joke!

Re: What is the minimum you can live on [Re: danny clifton] #7369274
10/01/21 08:59 PM
10/01/21 08:59 PM
Joined: Jun 2019
Posts: 179
Utah
J
Jasper69 Offline
trapper
Jasper69  Offline
trapper
J

Joined: Jun 2019
Posts: 179
Utah
I envy you Boco.

Re: What is the minimum you can live on [Re: danny clifton] #7369284
10/01/21 09:25 PM
10/01/21 09:25 PM
Joined: Dec 2006
Posts: 14,628
Sandhills Nebraska
G
Gary Benson Online shocked
trapper
Gary Benson  Online Shocked
trapper
G

Joined: Dec 2006
Posts: 14,628
Sandhills Nebraska
One local realtor has zero houses listed
Another has 5. Everything sells.


I know I'm paranoid......but am I paranoid ENOUGH???
Re: What is the minimum you can live on [Re: Boco] #7369364
10/01/21 11:28 PM
10/01/21 11:28 PM
Joined: Nov 2011
Posts: 2,957
Idaho Falls, ID
G
Grandpa Trapper Offline
trapper
Grandpa Trapper  Offline
trapper
G

Joined: Nov 2011
Posts: 2,957
Idaho Falls, ID
Originally Posted by Boco
If you live in the bush at camp you can live on very little money.
It is a very stress free life.


A great way to live and be happy!

Re: What is the minimum you can live on [Re: danny clifton] #7369413
10/02/21 05:15 AM
10/02/21 05:15 AM
Joined: Dec 2010
Posts: 1,355
Wisconsin
G
Green Bay Offline
trapper
Green Bay  Offline
trapper
G

Joined: Dec 2010
Posts: 1,355
Wisconsin
This post has a lot of variables but interesting to read.

My $.02 start planning for your retirement the day you get your first real job not five years before you are set to retire.

Live beneath your means - just because you qualify for a huge home loan doesn't mean you should take that amount.

Keep an eye on debt and pay it off as soon as you can. When you are in debt you are working for someone else.

If you planned early on and lived beneath your means while working, there should be a considerable nest egg available for retirement. It is possible to retire a multi millionaire at 57 from an average paying career job.

Re: What is the minimum you can live on [Re: Wolfdog91] #7369416
10/02/21 05:31 AM
10/02/21 05:31 AM
Joined: Dec 2006
Posts: 43,866
Minnesota
330-Trapper Online content
trapper
330-Trapper  Online Content
trapper

Joined: Dec 2006
Posts: 43,866
Minnesota
Originally Posted by Wolfdog91
I can make it on $50 a week be alot more comfortable too if I don't have six dogs to feed

grin


NRA and NTA Life Member
www.BackroadsRevised@etsy.com




Re: What is the minimum you can live on [Re: danny clifton] #7369486
10/02/21 08:04 AM
10/02/21 08:04 AM
Joined: Dec 2008
Posts: 21,616
Eastern Shore of Maryland
HobbieTrapper Offline
"Chippendale Trapper"
HobbieTrapper  Offline
"Chippendale Trapper"

Joined: Dec 2008
Posts: 21,616
Eastern Shore of Maryland
The mortgage when we got married was 100% of two weeks pay. lol Talk about living on love!

Finally have a mortgage that is 35% of a weeks pay.

We could live on a lot less like many folks but choose not to.


-Goofy-
Re: What is the minimum you can live on [Re: danny clifton] #7369495
10/02/21 08:23 AM
10/02/21 08:23 AM
Joined: Dec 2010
Posts: 28,436
Central, SD
Law Dog Offline
trapper
Law Dog  Offline
trapper

Joined: Dec 2010
Posts: 28,436
Central, SD
Health insurance is by far the biggest hurdle in the retirement move as like stated itís not affordable to many working folks if they try to retire. Retire at 62 and you have 3 years to go to get Medicare. Then they take out of your Social Security some to pay for that and then you need a subliminal plan to cover the portion that Medicare doesnít pay for.

If someone is not still working in the family that has coverage itís tough to do it, if your deep in a mortgage or credit card debt with little savings your still working then for most folks that is.


Was born in a Big City Will die in the Country OK with that!

Jerry Herbst
Re: What is the minimum you can live on [Re: trappingthomas] #7369546
10/02/21 10:16 AM
10/02/21 10:16 AM
Joined: Feb 2013
Posts: 629
Alaska/Washington
D
Dragger Offline
trapper
Dragger  Offline
trapper
D

Joined: Feb 2013
Posts: 629
Alaska/Washington
That cabin looks awesome! With the new eutopia being built by our government spending the next new homeless group will be people on social security who didn't plan well.

You'll be able to spot them easily. Well fed, good cloths, and a nice tent.

With all the new "immigrants" coming to America it will put even more presure on the housing market. Better start building more freeways!


Last edited by Dragger; 10/02/21 10:16 AM.

Give an illegal alien a fish and he eats for a day. Deport him and you never have to feed him ever again!
Re: What is the minimum you can live on [Re: danny clifton] #7369549
10/02/21 10:16 AM
10/02/21 10:16 AM
Joined: Apr 2008
Posts: 703
montgomery co.,ks
kseric Offline
trapper
kseric  Offline
trapper

Joined: Apr 2008
Posts: 703
montgomery co.,ks
All I need is cornmeal, gunpowder, ham hocks and guitar strings!!


keep the wind in your face and the sun at your back

YOU DO YOUR THING, I'LL DO MINE
Re: What is the minimum you can live on [Re: danny clifton] #7369558
10/02/21 10:28 AM
10/02/21 10:28 AM
Joined: Dec 2006
Posts: 22,023
williamsburg ks
D
danny clifton Offline OP
"Grumpy Old Man"
danny clifton  Offline OP
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 22,023
williamsburg ks
I worry about property tax. Mine keeps going up as appraisals keep increasing. I keep contesting them but it is never reduced to the old number. A backdoor tax increase. Have zoning now too. So already my property has been taken. I need permission from my landlord to use it and nonpayment of rent means eviction.


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
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