I’ve been contemplating the future of the US and economic situations for some time now. Its been evident since the beginning of covid19 lockdowns, and really even going back to the 2008 housing market collapse, that uncheck inflation is the Feds solution to complete collapse and a free market is a slow controlled descent into an economy that leaves us poor instead of allowing companies that deserve to collapse to actually fail.
I dont mean to doomsay, or to be negative in general, but the current way of life in the US as I see it is completely unsustainable.
…So what do we change?
When you look at other countries in a similar economic position, the entire family often shares a home. We currently find ourselves on the precipice of another housing market collapse as price drops are happening across the board and houses are staying on market for months. I think by early 2027 there will have already been a downward spiral in the market enough to justify considering a move.
Buying into a single home for the entire family opens up some purchasing options for us. The typical 2-3 story home with land is currently 500-600k but I think that will fall considerably and potentially make it feasible for us to get into. This of course means a long term investment, but one that is potentially setting our children and even their children up for success as land historically doesn’t lose value relative to the dollar.
It goes without saying this isnt a decision anyone would just jump into. It is however I think the direction the US will inevitably head and it makes sense to get in before everyone else wants to do the same and at an opportune time for purchasing.
Feel free to share your thoughts and feels in this thread. There are no bad responses as this plan cant work if everyone isnt in a similar mindset anyway.
I have always thought a family compound would be an awesome idea. We don’t all have to live in the same house, but a larger piece of land that we all chip in for and plop modular homes on would be nice.
I agree that the spot this country is in does not seem sustainable.
We are on a long weekend trip to see my friend in Iowa this weekend so will have some time to chat.
if we are gonna share thoughts and feelings here are some of my initial ones:
-Rich did take a bit of a pay cut to come to this job and with one income I am unsure we’d even be in a spot to consider a move as early as '27
-I know land would be the goal as well however part of the reason we bought our house was because of the school district it is in and while I’m unsure if I will want our kids in school vs me homeschooling them until I see how the first couple of years go school district is something we’d want to keep in mind
-if we are being completely transparent and honest I have concern that while this may be a practical choice financially that you may not enjoy living with us long term as we all have pretty different personalities. I know we all did it for a few months but that was also 4 years and 2 kids less ago - and maybe I’m wrong on that front and it is just my paranoia of me and our kids being “too much” but it is at the forefront of my mind each time this conversation arises.