[hagbard_c]

Hurry, then, while your money is still worth something and there's farms to be had. I did and never looked back, no mortgage, no loans, no nothing. Use your money to become less dependent on future money. In the end it is independence which gives you security, not money in the market or on the bank.

[apsurd]

I support this view, though in my own deep thinking about it all, I've come to see that all things are leased. Life itself is leased. We are all on borrowed time with borrowed resources and social contracts.

This affects me because the urgency toward ownership and being less dependent on future money is prudent in some ways, but also naive in others?

When I think about owning property and being free of monthly rent, there's a truth to that. And it feels nice to say we've achieved generational wealth. But maintaining the property costs money and property taxes are recurring, forever. So I've relaxed on this idea that it'll be markedly different from rent.

Curious how you think about it?

[hagbard_c]

Maintaining property takes time and costs some money, true. Farm property is (meant to be) productive though so if done right its maintenance has a negative cost, i.e. it makes you money. This goes for the traditional products you might think of - for us, silage from the fields, timber and firewood from the forest - as well as more recent things like electricity from solar panels - we've had negative electricity bills since I installed panels on the barn I built some 5 years ago. We're close to energy independent, once I've arranged some storage solution we will be independent. We have our own water, our own waste disposal facilities, a forest full of deer and elk and swine and the rest for when we might feel the need to tap that resource, enough land to feed the family and the means to store and prepare it without the need for external power - I've been cooking on a wood-fired stove for the last 21 years and prefer it over the alternatives we also have at hand (resistive electric and induction electric hobs). I've baked my own bread for much longer than that so I gradually moved into this 'lifestyle' - and that is what it comes down to, living the way we do is a conscious choice. Sometimes it is a lot of work, sometimes a storm brings down a hectare of forest, other times the water facilities freeze solid, sometimes a moose or deer pulls down the fencing in the middle of the night, sometimes there's weird critters trying to make a home under our roof, etc. All in all it is more than worth it for me.

Owning and living on a farm is not for everyone as it does tie you down more than a random apartment somewhere. If you're the type who wants to fly off to some trendy destination on a whim a farm might not be for you.