Wednesday, October 29, 2008
Considering real estate options
Judging by the” for sale”, “for rent” and foreclosure signs that are now dotting the landscape with more frequency than Starbucks, I forsee a land with many empty houses and lots of people sleeping in the street. So buck up, you’re not alone.
And while it’s pretty depressing, it does present an opportunity. Once all these people get forced out of their homes, there will be lots of very nice places to squat. Keep your eyes open and be prepared to move in quickly.
But lets assume the worst…you won’t be able to find an available place to squat when you’re finally evicted from your residence.
If your car hasn’t been repossessed, it’s always an option. Maybe Ford had the right idea by making all those huge gas guzzling beasts. They may have driven us into bankruptcy, but they’re easily converted into real estate. You’ll be surprised at how many meals can be prepared using the cigarette lighter (will provide link to recipes that can be prepared with a car lighter). It may take hours to prepare a grilled cheese sandwich, but it’s not like you have a job anymore.
Or follow the innovative example of the impoverished Egyptians in Cairo who have converted a graveyard of ancient tombs into a bustling village. A lot of those tombs are probably nicer and more spacious than my NYC apartment. Some are even rigged to get free cable and wifi. Check to see if there are any nice Mausoleum communities in your area. If there aren’t, consider starting one.
There’s also the tried and true option of the refrigerator box. But remember, as demand rises, it’ll become harder and harder to trade up. This is no time to settle. Try to find that sub zero now, even if it takes a little longer. And when you find it, grab it without hesitation. There are several people already interested in you dream refridgerator box and who knows when you’ll find another one you like half as much.
If you have 100 bucks or so a month to spare, you might want to consider renting a storage container. 10x10 is enough for a bed and minifridge. Not recommended for anyone who suffers from claustrophobia, it’s a great option if you’re broke, but really need to live in a gated community