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Hat Bailey's avatar

Totally agree. I made a principle over 20 years ago that I was going to be free of monthly payments as far as humanly possible. You give up a certain amount of freedom whenever you contract to a monthly or even yearly payment or re-payment. I would not be a slave to a mortgage or even monthly bills for anything that I could do without paying for if things went South financially. So I built my own little house on five acres that I paid cash for, not fancy, but meets all the needs that are important to me. I built up a solar electric system so there is no monthly electric bill. I collect, store and purify my own water and have a burn pit so there is no utility bill, all vehicles I have owned I paid cash or trade for so no vehicle payments. I do my own research on health issues and keep on hand a large selection of first aid, herbs for many conditions and supplements and do not have health insurance for the corrupt medical sickness business model. One sour note is that getting allodial title today is almost impossible and we are stuck with a yearly rental to the "state" for our homes, but at least I moved to where this extortion is at a minimum. When I am doing well financially I add to my physical assets, when I have a bad month I don't worry because all my needs are still being met and I can sleep soundly at night. This has worked well with my investment in volatile bitcoin as I can coast when it dumps and buy when it pumps, while it steadily far outpaces the dying dollar.

LIVE WITHOUT LIMITS with Klaus's avatar

Christopher, you are missing so many aspects that I could write a book about this.

Your baseline is correct, but you are missing more facts than you are touching.

I recommend differentiating regarding the property. Many believe condos are property; in my opinion, they aren't. You are enslaved to a community of people (sometimes idiots) you would typically never let into your life. You are subject to assessments out of the blue, like in Florida, which bankrupts thousands, if not millions. So before buying a condo — rent!

Even worse, much worse, are most of the HOAs, a different form of enslavement with gradual differences. Formally, you own your land (mostly), but practically, you don't. Most people never read the bylaws and don't understand this. But in a HOA — even the most relaxed — you are not sovereign and sometimes pay the asshole called developer for your lifetime.

The most free form of property in the US is land with structures kept in fee simple, but you are not free there. You pay property taxes to your enemy (the government) for things you don't want or don't need — like public schools, overblown police, fire rescue, etc. But not only this. If your slave master gets the idea that he requires (parts of) your property, he crosses your life via eminent domain.

That's all?

No, the idiots and criminals called “government” have much more mighty tools to harass you called zoning and building codes. Zoning strips you of many of your rights, especially in so-called “residential” areas. You are not allowed to raise animals, build fences, or use your land as you want. Building codes harass you not to use building material you want, to use material you can't afford (the hurricane bullshit in coastal areas), and and and …

The most significant degree of freedom you can achieve is buying agricultural land that is out of the reach of government and developer interests.

But in the US, property barely exists if you understand all its limitations. And I have just scratched the surface here. US property is an interesting form of investment with minimal property rights.

Sure, it is better than renting. But you must see and understand the whole picture. Many Americans don't, they believe all this BS is good and God given and call the biggest assholes of the government called “Code enforcement”, the all-American Nazis for following the rules of their slaveholders.

Happy New Year to you!

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