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What's the cheapest living situation possible that still has basic utilities?

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31–40 of 110 posts

Re: What's the cheapest living situation possible that still has basic utilities?

#31
Keep the regular job. Just buy a cheap van, and rent a 24/7 parking space.

You can figure out the rest. Buy takeaways or use a gas stove for food, use a 24/7 gym for showering/toilet, and go to your job for the internet (alternatively, the library, free WiFi places, or mobile net).

That's probably the cheapest way to live without being entirely homeless (or just buying land/house).

Re: What's the cheapest living situation possible that still has basic utilities?

#32

If you're serious about cheapest as the most important variable, then the sort of glib (but true) answer to this question is to observe where people who have no other choice end up living, which means a trailer in a rural area or housing in the cheapest parts of any large U.S. metro. If you're lucky enough to have startup capital, then you can reduce your recurring expenses to practically nothing. You can find a trai…

I think that reason is the most important consideration. It looks like you may be referring to the worst parts of #4 on this list!

http://www.huffingtonpost.com/2014/11/12/highest-murder-rate...

Re: What's the cheapest living situation possible that still has basic utilities?

#34
post #4

You may try looking into Tiny houses, they may cause some problems with zoning in some area's so picking a location will require some research. A tiny house can easily run under $20,000 fully equipped. Some people have been able to build them for under $10,000. Fix the house with solar panels, maybe a small wind turbine for electricity. tin roof with a rain water collection, you can run is through a 3 stage or 5 stag…

Where would you typically park them for an extended period of time? Is that what you mean with zoning problems? Do people usually try to hang out in a large parking lot for long enough? Or perhaps just get outside the city limit in what looks like abandoned land? Also, how do you deal with the waste water in the long run? Stop by RV parks and empty out your septic tanks?

I did some research on this few months ago. The rules and regulations are different from state to state, city to city. One of the tiny house builders I spoke to, told me that when a client comes to him, they often don't know the rules of their area, and it usually takes a lot of time for the builder to find out those rules (online research, call up gov offices etc). He was saying he'd pay good money for a "rulebook" - if someone can compile the rules and put them in an easily searchable format (and keep them updated).

So yeah, there are zoning requirements and it's a good idea to do research before going for a tiny house.

Re: What's the cheapest living situation possible that still has basic utilities?

#35
post #19

Earlier quoted context omitted.

> I feel that optimizing sub-$500 expenses is not the best use of one's time versus figuring out how to make money Second this. You can only save so much, but there's practically no upper limit on how much you can make. Plus making money is more fun than saving it. Saving generally requires sacrifices that decrease your quality of life. And there are diminishing returns, so you'll need to make ever-bigger sacrifices…

I third this but the problem is it is easier to save the dollar that you already have in your hand than finding a new way to make it. So it is good to cut down on expenses without sacrificing much on life style

A lot of people agree. It's called division of labor.

http://en.wikipedia.org/wiki/Division_of_labour

Re: What's the cheapest living situation possible that still has basic utilities?

#37
Cheapest for whom? Many of my mates worked at mines, and therefore lived on site with all expenes paid - utilities, meals, boarding, etc. In the off time, I'm sure you could find some way to minimise many of those expenses too.

Basically, any job that requires you to relocate will minimise YOUR expenses, because your company will pay for it all. But I get the feeling that's not what you were after.

Re: What's the cheapest living situation possible that still has basic utilities?

#39
post #20
post #11

Pick a college town and rent an apartment, optionally with a roommate. In much of the American midwest this implies an all-in rent & utilities expense in the $500 range. If you wanted to try something more exotic, you can do the digital nomad thing and rent somewhere in Thailand for ~$100 a month, but honestly as a programmer I feel that optimizing sub-$500 expenses is not the best use of one's time versus figuring o…

> if you wouldn't get a job as an electrician or day laborer which paid $400 a month then you shouldn't take on any major construction project to save $400 a month We're engineers. We enjoy building things. All sorts of things. I wouldn't do it all the time, but why not try your hand at building yourself a house? Not as a means to save money, but as a hobby, an interesting project, something fun?

All the respect in the world for someone who wants to stride out into the wilderness and build a hobbit hole with their own two hands. If one enjoys it or finds it aesthetically appealing, great. If one simply wants to improve one's family's financial situation, trade solutions to business problems for money then trade money for living space, which is available from specialized providers who enjoy substantial economies of scale and technologically-induced productivity advantages over you.

Re: What's the cheapest living situation possible that still has basic utilities?

#40
post #14

I've been able to do this after re-arranging my life over the past 5 years. I bought 7 acres of bare land for $35k and built a 200 sqft tiny house for $4,000. I homestead as much as I can and my bills are approximately $40/DSL, $40/Electrical, $35/Car insurance (I drive a 90s Honda), and approximately $30 a month in property taxes. I spend about $40 in propane for heat in the winter and my air conditioning bill is an…

Very cool, do you have any suggestions as far as finding and purchasing cheap land?

I was very fortunate that my father was a real estate broker, although he is no longer around I gained some really good tricks for my real estate purchase. First off, scout the areas you want to live. A lot of times real estate isn't listed on the local RMLS site (or if it is, might be incorrect information). Second strategy get a tax plot map. Look for property owners who are out of state and send them a offer letters. Craigslist, Zillow alert and other sites have been pretty helpful for leads as well. Third, pay attention to what other properties are selling. If everyone in the neighborhood is selling, there has to be a reason. Buy where nobody wants to sell. Finally, out of pure luck I bought my property on auction.com and was the final bidder without even looking at the property (there are ways to back out of a deal, my dad told me all the tricks :). The property information just happen to be wrong, it was the wrong zoning, address, acreage, etc. This was probably because it was in the holiday season. The Realtor assigned to the property didn't know anything about it. Because I did a title search before placing my bid, I knew more about it then they did! And because I scouted the area well, I knew approximately what I was expecting. I also knew that buying property during the holiday season (thanksgiving to new years) is the best possible time as far as I can tell. Generally home values go up in the summer and down in the winter. I also played the 2008 recession, but values didn't go down as much as I expected, but it helped. And no I didn't buy a property way out in nowhere, I'm about 20 minutes away from the Redwood Forest, 45 minutes from the coast, and 30 miles away from a Home Depo/Walmart. Regretfully, the nearest Trader Joe's is over an hour and a half away. :)
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