Banks are done.

Mortgages are going to have to be reinvented ASAP! Any ideas how to do this? Crowdsourced home lending?

some thoughts after working in the mortgage industry: credit reports are designed to keep people enslaved to renting example: [they] tell you to sign up gor my credit cards. these credit cards have huge annual fees plus high interest rates. its a vicious hamster wheel cycle that traps people.

the underwriting guidelines debt to income rationd are unrealistic and are bullshit, no ine except the wealthy live with 33% debt 😆

banks own your home so technically you do not own the house (see elon musk tweet)
why do people rent?
convenice no commitment?
would everyone like to own a home?

Hubs & I have been hunting 4-5 acres with a habitable abode upon it for some time now. In July, the market was full of properties, but not what we were looking for... Now, because people are holding their property off the market until they see how things are going to shake out... there's literally NOTHING in my part of our state.

The only properties being listed are mobile homes or up for foreclosure & gutted inside.

We're too tired & beat down to want to do that work.

Pffft!

Solution - put all that effort into buying silver. Betting there will be new offerings soon!

Hubzu.com sales and bank owned homes

Thank you, sweetie.

I've been to every single home in my county that looked promising, but all had black mold.

I'm still suffering from an exposure a few years back.

I think I'll wait for the RV and build my own, paying cash.

Prolly a good idea. If I was near you, I'd remediate it for you. Been through that quite a few times. Best of luck!

I'm in Mobile, AL. LOTS of storm-damaged homes people couldn't fix up.

Sad.

Awww. I love your patience to build. That sounds nice

In 2011, we bought land in Uruguay & built an off-grid house with no power tools in the eucalyptus forest... We KNOW about building, LOL.

whoa. that's awesome. wish more people were open minded about their capabilities.

That's what I want to teach; thinking outside the box.

I'd love to get 40 acres or so, put up 2 or 3 other houses for families & a couple cabins... teach homesteading skills, animal husbandry, cheese making, tobacco growing, herbal medicine making, spinning, weaving, canning & preserving & leather making.

Old-Tyme skills people now saw have no value.

Silly me!

This will come in handy as the young ones will not have many resource skills but electronic experience. i believe this was the goal to make the newer generations totally dependent on government scraps. Your experiences are beyond valuable

I'm older & I make soap. I used to train & shoe horses, work cattle & a lot more... But getting older & arthritis doesn't mean I can't still teach.

Every civilization fails without SOAP, so I guess I have a way to make a living once we get rid of Lever, Palmolive & P&G for making toxic products, LOL.

I have a fresh 50# cube of beef tallow & a new cubitainer of olive oil just waiting for us to get settled in a new house. I'm tripping over the soap I made last year & won't sell it due to masking orders. Pffft!

Black Raspberry Vanilla, Patchouli, Vanilla Sandalwood.