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EvenBob
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March 15th, 2023 at 6:26:56 PM permalink
Quote: DRich

Quote: Ace2

You could move to Somalia or Yemen and live like a king on $1000 per month
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Might have to travel a ways to find the nearest casino.
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Or the nearest alcoholic drink probably
"It's not called gambling if the math is on your side."
AZDuffman
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March 16th, 2023 at 4:29:33 AM permalink
Quote: Ace2

You could move to Somalia or Yemen and live like a king on $1000 per month
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I tend to doubt that. Kings have electricity 24/7. If you want to live good but cheap Vietnam or Portugal are good bets. Probably need $2-3K per month to live both great and not worry about the civil war around you.
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railer
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March 16th, 2023 at 8:19:39 AM permalink
Nice thread. I live in South Florida and I'm looking for a cool summer spot to live and gamble. Good advice in this thread to live temporarily in a spot to get the lay of the land and to see if you like it.

I've heard good things about Reno. Vegas would probably be nice April-May and Mid September-October. I've even looked at Montreal where I could rent a very decent 1br. downtown for $1000-1200 mo. USD, which is less than half of the going rent here in S. Florida.

BTW....Hot-spots for American ex-pats seem to be Ecuador, Thailand, and Mexico. My next-door neighbors go to Argentina a lot... the cost of living there is amazingly cheap. It seems that life is better in South America in larger towns rather than the major cities ("better" is a relative, subjective judgement of course....cheaper, safer, friendlier, etc.).
Last edited by: railer on Mar 16, 2023
billryan
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March 16th, 2023 at 9:26:06 AM permalink
Two years ago, I looked at a small duplex for sale. I was thinking I'd live on one side, and use the other for office/storage space. At $89,000 it seemed like a deal, only my walk thru revealed many issues. It had new laminate flooring but it was soft so the underflooring would need replacing and the two units shared a small water heater. The owner ended up not selling it, and I saw him trying to rent it as two units at $600 each. He ran afoul of the building codes and could only rent as one unit. He tried doing that, asking $1400 at first, but I recently saw it listed for $1200. He just relisted it for sale at $123,000.
The difference between fiction and reality is that fiction is supposed to make sense.
DRich
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March 16th, 2023 at 9:32:13 AM permalink
Quote: railer

Nice thread. I live in South Florida and I'm looking for a cool summer spot to live and gamble. Good advice in this thread to live temporarily in a spot to get the lay of the land and to see if you like it.

I've heard good things about Reno. Vegas would probably be nice April-May and Mid September-October. I've even looked at Montreal where I could rent a very decent 1br. downtown for $1000-1200 mo. USD, which is less than half of the going rent here in S. Florida.

BTW....Hot-spots for American ex-pats seem to be Ecuador, Thailand, and Mexico. My next-door neighbors go to Argentina a lot... the cost of living there is amazingly cheap. It seems that life is better in South America in larger towns rather than the major cities ("better" is a relative, subjective judgement of course....cheaper, safer, friendlier, etc.).
link to original post



If weather is important to you choose Reno over Las Vegas. I lived 30 years in Vegas and I liked it, but I like hot. Reno is a great little town but housing is getting expensive there because of the Tesla plant.

BTW, I live in South Florida also (Cape Coral).
At my age, a "Life In Prison" sentence is not much of a deterrent.
mcallister3200
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March 16th, 2023 at 9:50:46 AM permalink
Quote: billryan

Dolan or Chloride in Arizona. Goodsprings Nevada
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Damnit Bill Im actually pretty fascinated by this Chloride place.
EvenBob
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March 16th, 2023 at 12:34:44 PM permalink
Quote: AZDuffman

Quote: Ace2

You could move to Somalia or Yemen and live like a king on $1000 per month
link to original post



I tend to doubt that. Kings have electricity 24/7. If you want to live good but cheap Vietnam or Portugal are good bets. Probably need $2-3K per month to live both great and not worry about the civil war around you.
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Apparently Vietnam is a very good place to live. Anthony Bourdain always said he would love to live there and the guy who does a thing called the best food review show on YouTube has almost 10 million subscribers and he's lived in Vietnam for years. Cost of living for Americans is very cheap and Vietnamese food is fantastic. Vietnamese food is world class now and people go there just to eat. They have these buffets that cost about $8 American and have all the seafood you can eat really good quality stuff. The heat and humidity there would kill me but some people can put up with it
"It's not called gambling if the math is on your side."
rxwine
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March 16th, 2023 at 12:41:22 PM permalink
Speaking of heat, how many strip casinos still use the wide open door format? I'm not sure what exactly they do, maybe some sort of pressure wall of air. Doors open all the time regardless of the temperature.
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billryan
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March 16th, 2023 at 12:42:57 PM permalink
Quote: mcallister3200

Quote: billryan

Dolan or Chloride in Arizona. Goodsprings Nevada
link to original post



Damnit Bill Im actually pretty fascinated by this Chloride place.
link to original post



It's interesting to drive through if you are headed to Kingman or Laughlin.
Weird story- stopped there on my way down to Laughlin. on a Tuesday. There are two bars in town . Went in to one and had two or three beers and a hamburger platter. I stayed in Laughlin for a week and the following Tuesday found me back in Cholride where the same bartender who served me a week before now told the kitchen is only open on weekends and had been for years.
The difference between fiction and reality is that fiction is supposed to make sense.
EvenBob
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March 16th, 2023 at 12:46:53 PM permalink
Quote: rxwine

Speaking of heat, how many strip casinos still use the wide open door format? I'm not sure what exactly they do, maybe some sort of pressure wall of air. Doors open all the time regardless of the temperature.
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It works on the same principle where you have open freezers in grocery stores. There's some kind of thermal law if you do it correctly keeps the heat out and the cold in. You especially see this at Thanksgiving where they have frozen turkeys in these big open freezers.
"It's not called gambling if the math is on your side."
Dieter
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March 16th, 2023 at 12:50:00 PM permalink
Quote: rxwine

Speaking of heat, how many strip casinos still use the wide open door format? I'm not sure what exactly they do, maybe some sort of pressure wall of air. Doors open all the time regardless of the temperature.
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See "Air Curtain".

Enjoy the day!
May the cards fall in your favor.
railer
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March 16th, 2023 at 2:08:28 PM permalink
Quote: DRich



If weather is important to you choose Reno over Las Vegas. I lived 30 years in Vegas and I liked it, but I like hot. Reno is a great little town but housing is getting expensive there because of the Tesla plant.

BTW, I live in South Florida also (Cape Coral).



Cape Coral. So, you can relate to the insurance and condo issues that are going on right now in Florida. Hopefully, you live in a house.

Condos will not be able to waive reserves after 2025...so my already very high condo fees could double. I can afford it, but it's not worth it to me to stay. I already have a love/hate relationship with where I live (South Beach) and this might break us up.
DRich
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March 16th, 2023 at 2:18:16 PM permalink
Quote: railer


Cape Coral. So, you can relate to the insurance and condo issues that are going on right now in Florida. Hopefully, you live in a house.

Condos will not be able to waive reserves after 2025...so my already very high condo fees could double. I can afford it, but it's not worth it to me to stay. I already have a love/hate relationship with where I live (South Beach) and this might break us up.



My house insurance went from $3800 to $8200 this year (before the hurricane). I was able to shop it and find cheaper.
At my age, a "Life In Prison" sentence is not much of a deterrent.
Ace2
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March 16th, 2023 at 2:30:37 PM permalink
Hows the quality of life in Florida compared to Vegas?
Its all about making that GTA
DRich
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March 16th, 2023 at 2:44:02 PM permalink
Quote: Ace2

Hows the quality of life in Florida compared to Vegas?



That is hard for me to say as my wife and I both work from home here so we haven't made many friends yet (and everybody is older than us). I do love when the temperature is 80 here in February. I want to say that it may be a little more expensive here but then again I think prices have went up everywhere this year so it is hard to compare. The city I am in is very busy December to March as all of the snowbirds come here to avoid the cold months up north. Probably 25% of the houses and condos are vacant from May through November
At my age, a "Life In Prison" sentence is not much of a deterrent.
ChumpChange
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March 16th, 2023 at 3:08:37 PM permalink
You may have to ask whether your Uber driver is a US citizen before you get in the car or you could be arrested with a felony charge in Florida after they pass some anti-immigrant law soon. The U.S. State Dept. should issue a travel ban to Florida when that passes, but there's no precedent for that within the United States. The 3/4 of a million undocumented immigrants in Florida will be a felon contagion everywhere for everyone. Don't expect your immigrant labor to stick around for any of this.
AZDuffman
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March 16th, 2023 at 3:13:41 PM permalink
Quote: ChumpChange

You may have to ask whether your Uber driver is a US citizen before you get in the car or you could be arrested with a felony charge in Florida after they pass some anti-immigrant law soon. The U.S. State Dept. should issue a travel ban to Florida when that passes, but there's no precedent for that within the United States. The 3/4 of a million undocumented immigrants in Florida will be a felon contagion everywhere for everyone. Don't expect your immigrant labor to stick around for any of this.
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I think you mean "anti illegal alien." Legal immigrants with a green card no problem.

How would the State Department legally ban travel within the USA????
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ChumpChange
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March 16th, 2023 at 3:18:57 PM permalink
Because it's a legal hazard to the entire population, including visitors, and Mar-A-Lago.
railer
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March 16th, 2023 at 3:20:42 PM permalink
Quote:


Hows the quality of life in Florida compared to Vegas?



As with anything else in Real Estate it's all about location....depends where you are in Florida. Miami Beach is it's own animal.

I love the weather November-April. I love the beach and the public parks here. From my home I can walk for anything I need, which is awesome. The Port of Miami is 7 minutes away if I want to hop on a cruise. There's 7 casinos that I have in rotation if I ever need some extra money, the Hard Rock being the biggest.

The heat/humidity 6 months out of the year is downright oppressive. The traffic is pure misery. The general population is unfriendly and slightly dangerous, people dislike and distrust their neighbors. There's no law enforcement to speak of... police here are basically janitors who arrive to clean up a mess... which has led to a spike in crime and a really bad element on Ocean Drive. Homeless are wandering everywhere.

Generally, Miami/ Miami Beach is an undesirable place to live unless you're like me...single, childless, and don't mind embracing the chaos. I do my best to accentuate the positive and mitigate the negative, but there's lots of nice places in the world where I don't have to pay such a high price to live.
AZDuffman
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March 16th, 2023 at 3:46:58 PM permalink
Quote: ChumpChange

Because it's a legal hazard to the entire population, including visitors, and Mar-A-Lago.
link to original post



How do you figure that?
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AZDuffman
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March 16th, 2023 at 3:51:13 PM permalink
Quote: railer

Quote:


Hows the quality of life in Florida compared to Vegas?



As with anything else in Real Estate it's all about location....depends where you are in Florida. Miami Beach is it's own animal.

I love the weather November-April. I love the beach and the public parks here. From my home I can walk for anything I need, which is awesome. The Port of Miami is 7 minutes away if I want to hop on a cruise. There's 7 casinos that I have in rotation if I ever need some extra money, the Hard Rock being the biggest.

The heat/humidity 6 months out of the year is downright oppressive. The traffic is pure misery. The general population is unfriendly and slightly dangerous, people dislike and distrust their neighbors. There's no law enforcement to speak of... police here are basically janitors who arrive to clean up a mess... which has led to a spike in crime and a really bad element on Ocean Drive. Homeless are wandering everywhere.

Generally, Miami/ Miami Beach is an undesirable place to live unless you're like me...single, childless, and don't mind embracing the chaos. I do my best to accentuate the positive and mitigate the negative, but there's lots of nice places in the world where I don't have to pay such a high price to live.
link to original post



Miami seems to have really gone downhill since the late 70s. Today it seems to be one huge condo complex. Lots of them are owned by foreigners who barely use them. Unaffordable to most people now it is getting to be a bit like Brazil with wealth surrounded by poverty. At least that is how it looks from the outside.
All animals are equal, but some are more equal than others
ChumpChange
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March 16th, 2023 at 3:58:34 PM permalink
The bill creates a third-degree felony to conceal, harbor, or shield from detection, a person who has entered the United States unlawfully, Ingoglia said at the Senate Committee on Rules.
That would basically be the state labeling you a human trafficker if you welcome someone without a regulated immigration status into your home, place of business, place of worship, car, Rivera said.
https://www.wesh.com/article/immigration-bill-penalties-florida/43341324

Ron DeSantis Wants to Make It a Felony to Have an Undocumented Person in Your Home or Car
A new Florida bill criminalizes not just undocumented Floridians but anyone who associates with them.
https://newrepublic.com/post/171137/ron-desantis-florida-bill-felony-undocumented-person-home-car?utm_medium=social&utm_campaign=EB_TNR&utm_source=Twitter

Florida Senate panel backs immigration crackdown plan - CBS Miami
https://www.cbsnews.com/miami/news/florida-senate-panel-backs-immigration-crackdown-plan/
Last edited by: ChumpChange on Mar 16, 2023
AZDuffman
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March 16th, 2023 at 4:24:18 PM permalink
Quote: ChumpChange

The bill creates a third-degree felony to conceal, harbor, or shield from detection, a person who has entered the United States unlawfully, Ingoglia said at the Senate Committee on Rules.
That would basically be the state labeling you a human trafficker if you welcome someone without a regulated immigration status into your home, place of business, place of worship, car, Rivera said.
https://www.wesh.com/article/immigration-bill-penalties-florida/43341324

Ron DeSantis Wants to Make It a Felony to Have an Undocumented Person in Your Home or Car
A new Florida bill criminalizes not just undocumented Floridians but anyone who associates with them.
https://newrepublic.com/post/171137/ron-desantis-florida-bill-felony-undocumented-person-home-car?utm_medium=social&utm_campaign=EB_TNR&utm_source=Twitter
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So, making it illegal to harbor someone committing a crime?
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ChumpChange
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March 16th, 2023 at 4:26:19 PM permalink
Making it illegal to leave your house.
AZDuffman
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RogerKint
March 16th, 2023 at 4:27:02 PM permalink
Quote: ChumpChange

Making it illegal to leave your house.
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I thought that was NYC during the virus?
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ChumpChange
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March 16th, 2023 at 4:29:21 PM permalink
I said everybody out there is a potential contagion.
railer
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March 16th, 2023 at 4:39:28 PM permalink
Quote: AZDuffman

Quote: railer

Quote:


Hows the quality of life in Florida compared to Vegas?



As with anything else in Real Estate it's all about location....depends where you are in Florida. Miami Beach is it's own animal.

I love the weather November-April. I love the beach and the public parks here. From my home I can walk for anything I need, which is awesome. The Port of Miami is 7 minutes away if I want to hop on a cruise. There's 7 casinos that I have in rotation if I ever need some extra money, the Hard Rock being the biggest.

The heat/humidity 6 months out of the year is downright oppressive. The traffic is pure misery. The general population is unfriendly and slightly dangerous, people dislike and distrust their neighbors. There's no law enforcement to speak of... police here are basically janitors who arrive to clean up a mess... which has led to a spike in crime and a really bad element on Ocean Drive. Homeless are wandering everywhere.

Generally, Miami/ Miami Beach is an undesirable place to live unless you're like me...single, childless, and don't mind embracing the chaos. I do my best to accentuate the positive and mitigate the negative, but there's lots of nice places in the world where I don't have to pay such a high price to live.
link to original post



Miami seems to have really gone downhill since the late 70s. Today it seems to be one huge condo complex. Lots of them are owned by foreigners who barely use them. Unaffordable to most people now it is getting to be a bit like Brazil with wealth surrounded by poverty. At least that is how it looks from the outside.
link to original post




Late 70s...you're going way back. Miami has had some highs and lows over that time, that's for sure.

Your observation regarding the wealth/poverty divide is true. You'll see homeless junkies scurrying around... 2 blocks from Miami Beach marina where Mega-Yachts are lined up by the dozens.

I've seen a big change just in the last 5 years in the crime, police, traffic. I could tolerate it to a point, because my property had appreciated, my mortgage is low (3.75%), and I enjoy some quality of life elements that just don't exist anywhere else (weather, beaches, ocean). But, inflated insurance costs and unscrupulous condo associations are making me believe it's not worth it anymore. I guess if I had unlimited money, I'd have a place here and enjoy the best of the beach then cruise out when the weather gets hot. (Which is exactly what a lot of unlimited money people do.)
ChumpChange
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DRich
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March 16th, 2023 at 6:01:09 PM permalink
Quote: railer

Quote: AZDuffman

Quote: railer

Quote:


Hows the quality of life in Florida compared to Vegas?



As with anything else in Real Estate it's all about location....depends where you are in Florida. Miami Beach is it's own animal.

I love the weather November-April. I love the beach and the public parks here. From my home I can walk for anything I need, which is awesome. The Port of Miami is 7 minutes away if I want to hop on a cruise. There's 7 casinos that I have in rotation if I ever need some extra money, the Hard Rock being the biggest.

The heat/humidity 6 months out of the year is downright oppressive. The traffic is pure misery. The general population is unfriendly and slightly dangerous, people dislike and distrust their neighbors. There's no law enforcement to speak of... police here are basically janitors who arrive to clean up a mess... which has led to a spike in crime and a really bad element on Ocean Drive. Homeless are wandering everywhere.

Generally, Miami/ Miami Beach is an undesirable place to live unless you're like me...single, childless, and don't mind embracing the chaos. I do my best to accentuate the positive and mitigate the negative, but there's lots of nice places in the world where I don't have to pay such a high price to live.
link to original post



Miami seems to have really gone downhill since the late 70s. Today it seems to be one huge condo complex. Lots of them are owned by foreigners who barely use them. Unaffordable to most people now it is getting to be a bit like Brazil with wealth surrounded by poverty. At least that is how it looks from the outside.
link to original post




Late 70s...you're going way back. Miami has had some highs and lows over that time, that's for sure.

Your observation regarding the wealth/poverty divide is true. You'll see homeless junkies scurrying around... 2 blocks from Miami Beach marina where Mega-Yachts are lined up by the dozens.

I've seen a big change just in the last 5 years in the crime, police, traffic. I could tolerate it to a point, because my property had appreciated, my mortgage is low (3.75%), and I enjoy some quality of life elements that just don't exist anywhere else (weather, beaches, ocean). But, inflated insurance costs and unscrupulous condo associations are making me believe it's not worth it anymore. I guess if I had unlimited money, I'd have a place here and enjoy the best of the beach then cruise out when the weather gets hot. (Which is exactly what a lot of unlimited money people do.)
link to original post



I almost took a job in the Miami area about 3 years ago with Carnival Cruise Lines. Fortunately I didn't because COVID happened right after that I would have been out of work. I found some decent condos on the water in Ft Lauderdale that seemed decent for $699k.

I don't know Miami very well but to me it seemed like Ft Lauderdale was what I would have wanted Miami to be.
At my age, a "Life In Prison" sentence is not much of a deterrent.
EvenBob
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March 16th, 2023 at 7:35:26 PM permalink
I can't think of a state that I dislike more than Florida. I hate everything about it. The heat and humidity suck, it being totally flat sucks. All the old people really suck, the homeless everywhere beyond suck. Out of control crime in many parts of the state. Traffic is mind-bogglingly bad everywhere. But it does have nice weather a few months out of the year and it's amazing what people are willing to trade in their lives for that.

Back in the '70s and '80s I was a big Travis McGee fan, the character created by John D MacDonald who lived in Fort Lauderdale on a boat. He talked about air conditioning so much it was almost a secondary character in his books. The air conditioned boat, the air conditioned car, running from the car into an air conditioned store. Getting all your outdoor work done really early in the morning because you can't do it after noon in the summer. Every time I visited there I wanted to leave immediately.
"It's not called gambling if the math is on your side."
mcallister3200
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March 16th, 2023 at 8:26:37 PM permalink
Quote: billryan

Quote: mcallister3200

Quote: billryan

Dolan or Chloride in Arizona. Goodsprings Nevada
link to original post



Damnit Bill Im actually pretty fascinated by this Chloride place.
link to original post



It's interesting to drive through if you are headed to Kingman or Laughlin.
Weird story- stopped there on my way down to Laughlin. on a Tuesday. There are two bars in town . Went in to one and had two or three beers and a hamburger platter. I stayed in Laughlin for a week and the following Tuesday found me back in Cholride where the same bartender who served me a week before now told the kitchen is only open on weekends and had been for years.
link to original post



Second bar I believe is closed and for sale. Had a burger at the one attached to the old hotel today, fries were excellent, waitress was completely overwhelmed and flustered when there was more than one table going haha.

Roy Purcell murals a mile up the gravel mountain road going out of town are interesting. Road is rough enough going up Id almost rather just hike it if I went again even with a stock AWD/4WD SUV.
Last edited by: mcallister3200 on Mar 16, 2023
Ace2
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ChumpChange
March 16th, 2023 at 8:36:23 PM permalink
North Las Vegas properties offer tremendous bang for the buck. Youll hear the bangs at night
Its all about making that GTA
railer
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March 16th, 2023 at 9:53:11 PM permalink
Quote:


I don't know Miami very well but to me it seemed like Ft Lauderdale was what I would have wanted Miami to be.



You're right. Lauderdale is definitely nicer and less chaotic.
mcallister3200
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March 16th, 2023 at 10:40:50 PM permalink
Quote: Ace2

North Las Vegas properties offer tremendous bang for the buck. Youll hear the bangs at night
link to original post



Haha, if I ever moved back to Vegas it would be Centennial Hills just so that I could get out of Vegas and to Mount Charleston ASAP 5 months of the year. So yeah, basically zero desire to live there again. The high desert probably isnt for me either but better chance than LV.
AZDuffman
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March 17th, 2023 at 2:38:08 AM permalink
Quote: DRich



I don't know Miami very well but to me it seemed like Ft Lauderdale was what I would have wanted Miami to be.
link to original post



Isn't it all one big metromess?
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DRich
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March 17th, 2023 at 4:50:51 AM permalink
Quote: AZDuffman

Quote: DRich



I don't know Miami very well but to me it seemed like Ft Lauderdale was what I would have wanted Miami to be.
link to original post



Isn't it all one big metromess?
link to original post



Yes and no. Although both areas are connected by highways both are very self sufficient. If you live in one there is really no necessary reason to go to the other unless you commute for work.
At my age, a "Life In Prison" sentence is not much of a deterrent.
AZDuffman
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March 17th, 2023 at 1:10:30 PM permalink
Quote: DRich

Quote: AZDuffman

Quote: DRich



I don't know Miami very well but to me it seemed like Ft Lauderdale was what I would have wanted Miami to be.
link to original post



Isn't it all one big metromess?
link to original post



Yes and no. Although both areas are connected by highways both are very self sufficient. If you live in one there is really no necessary reason to go to the other unless you commute for work.
link to original post



Just that on a map it looks like it long ago all grew together. I do notice all the used cars in FL seem to have 100,000 miles at just a few years old because of how far people seem to drive these metros.
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DRich
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March 17th, 2023 at 3:07:24 PM permalink
Quote: AZDuffman

Quote: DRich

Quote: AZDuffman

Quote: DRich



I don't know Miami very well but to me it seemed like Ft Lauderdale was what I would have wanted Miami to be.
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Isn't it all one big metromess?
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Yes and no. Although both areas are connected by highways both are very self sufficient. If you live in one there is really no necessary reason to go to the other unless you commute for work.
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Just that on a map it looks like it long ago all grew together. I do notice all the used cars in FL seem to have 100,000 miles at just a few years old because of how far people seem to drive these metros.
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I have a seven year old Impala with 13,000 miles on it. My wife and I probably put around 4,000 miles a year total between our two cars now that we live in Florida..
At my age, a "Life In Prison" sentence is not much of a deterrent.
railer
railer
Joined: Mar 2, 2012
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March 18th, 2023 at 8:28:21 AM permalink
Quote: EvenBob

I can't think of a state that I dislike more than Florida. I hate everything about it. The heat and humidity suck, it being totally flat sucks. All the old people really suck, the homeless everywhere beyond suck. Out of control crime in many parts of the state. Traffic is mind-bogglingly bad everywhere. But it does have nice weather a few months out of the year and it's amazing what people are willing to trade in their lives for that.

Back in the '70s and '80s I was a big Travis McGee fan, the character created by John D MacDonald who lived in Fort Lauderdale on a boat. He talked about air conditioning so much it was almost a secondary character in his books. The air conditioned boat, the air conditioned car, running from the car into an air conditioned store. Getting all your outdoor work done really early in the morning because you can't do it after noon in the summer. Every time I visited there I wanted to leave immediately.
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So, where do you recommend a person live?
rxwine
rxwine
Joined: Feb 28, 2010
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March 19th, 2023 at 11:18:48 AM permalink
If you want an interesting example of housing costs, check out this story. At first, I thought it was a bargain successful craft story of how a guy bought a used 245 sq ft shed off Craig's list, converted it into tiny home that he rents out from his backward as a BRB in San Antonio TX for $74 a night. Yup, people are renting it.

But by the time he finished all the construction, getting permits and stuff, he was up to $40,000 for that 245 ft tiny house.

https://www.msn.com/en-us/money/realestate/man-transforms-shed-off-craigslist-into-tiny-home-he-rents-for-74-a-night/ar-AA18OIQU?ocid=msedgntp&cvid=1bbd1a0e277f475f975cb7b7b1f14fa1&ei=16
There's no secret. Just know what you're talking about before you open your mouth.
billryan
billryan
Joined: Nov 2, 2009
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March 19th, 2023 at 11:46:01 AM permalink
Quote: rxwine

If you want an interesting example of housing costs, check out this story. At first, I thought it was a bargain successful craft story of how a guy bought a used 245 sq ft shed off Craig's list, converted it into tiny home that he rents out from his backward as a BRB in San Antonio TX for $74 a night. Yup, people are renting it.

But by the time he finished all the construction, getting permits and stuff, he was up to $40,000 for that 245 ft tiny house.

https://www.msn.com/en-us/money/realestate/man-transforms-shed-off-craigslist-into-tiny-home-he-rents-for-74-a-night/ar-AA18OIQU?ocid=msedgntp&cvid=1bbd1a0e277f475f975cb7b7b1f14fa1&ei=16
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You can buy a ten year old travel trailer for $15,000 and rent it for $50-$75 a night around here.
The difference between fiction and reality is that fiction is supposed to make sense.
AZDuffman
AZDuffman
Joined: Nov 2, 2009
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March 19th, 2023 at 1:37:24 PM permalink
Quote: rxwine

If you want an interesting example of housing costs, check out this story. At first, I thought it was a bargain successful craft story of how a guy bought a used 245 sq ft shed off Craig's list, converted it into tiny home that he rents out from his backward as a BRB in San Antonio TX for $74 a night. Yup, people are renting it.

But by the time he finished all the construction, getting permits and stuff, he was up to $40,000 for that 245 ft tiny house.

https://www.msn.com/en-us/money/realestate/man-transforms-shed-off-craigslist-into-tiny-home-he-rents-for-74-a-night/ar-AA18OIQU?ocid=msedgntp&cvid=1bbd1a0e277f475f975cb7b7b1f14fa1&ei=16
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Tiny homes rarely make financial sense. By the time you are done you can usually find a cottage or purpose built trailer.
All animals are equal, but some are more equal than others
AZDuffman
AZDuffman
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August 22nd, 2023 at 2:46:54 AM permalink
Quote: lirankoren

In my area, the housing market remains highly competitive with low inventory. Many buyers are facing challenges with multiple offers and all-cash buyers. It's a tough market. If you're considering other options or need assistance with property management, you might want to explore "Luxury Property Care" ( link sanitized by mod ) for their expertise in property rental and management services.
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Last edited by: unnamed administrator on Aug 22, 2023
All animals are equal, but some are more equal than others
NYCAP
NYCAP
Joined: Aug 22, 2023
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August 22nd, 2023 at 6:44:08 AM permalink
Where else can you control a 1,000,000 asset for 1/10th the cash and 4% annually? Huge upside lottery ticket and you have to live somewhere regardless.

I've lived in 2 high income/cost markets. The renters get pushed further and further out because their incomes do not keep up with rising values/rents. The owners accumulate equity and end paying $1000 mortgages for houses that cost $7000 to rent.

Since the middle ages we always had the owners and the serfs. It has always been this way and I don't see that changing. You either own and slowly get richer or you rent and make someone else richer.

***

I have traveled around 5 continents fairly extensively. Housing and daily life costs can be very cheap but... there are a lot of "buts".... Even if you can take your US income and not kill your career prospects, even if you can give up your friends and family, there are many challenges to moving to places like Thailand. You end up living "deaf and dumb" - not knowing the language or anything around you, and in most places you don't have any rights. In many Asian countries you can't legally own real property and you can't live there permanently. You are at the mercy of the latest visa rules and if those rules change -- and they do regularly - you might be pushed out. This is why yutube is full of young nomads doing this and retired people with few options.

And life costs are not as cheap as it seems in these 'cheap' countries. Yes, housing and food are cheaper, but a lot of things are much more expensive than in the US. Most goods are cheaper in the US. At best, they are same price. These countries rarely make much domestically and have high import taxes. If you live like a monk in a rental, eat local food, no kids or family costs, and your only entertainment is beer, it can be super cheap. For everyone else, costs with escalate very quickly.

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