09-21-2012, 05:26 AM
Buying a house on speculation (and basing your home value on your neighbors plans is speculation, what if they have children, dogs, diesel trucks, chickens, drum circles, ....) and 401k's (a retirement plan based on the stock casino?) come with risk, very high risk.
This is why I'd never own a piece of property less than 3 acres. Your stuck in an illiquid asset where it's usage is based on the whims of neighbors and government employees (so much bad unstated by those two words lol). If your going to live that close to someone just rent, gives you the ability to move when your next door neighbor decides he doesn't like you and wants to raise a stick over utilizing any of the long laundry list of rules of what you can do on property you "own".
"Government is good at one thing: it knows how to break your legs, hand you a crutch, and say, 'See, if it weren’t for the government, you wouldn’t be able to walk." - Harry Browne
This is why I'd never own a piece of property less than 3 acres. Your stuck in an illiquid asset where it's usage is based on the whims of neighbors and government employees (so much bad unstated by those two words lol). If your going to live that close to someone just rent, gives you the ability to move when your next door neighbor decides he doesn't like you and wants to raise a stick over utilizing any of the long laundry list of rules of what you can do on property you "own".
"Government is good at one thing: it knows how to break your legs, hand you a crutch, and say, 'See, if it weren’t for the government, you wouldn’t be able to walk." - Harry Browne