Just thought I'd throw some ideas out there to see what people think.
I'm living right now in a really expensive area, I have avoided buying real estate because housing prices are like 500k on average, if I were to try to get something in the 200-300k range I would have a really long commute to work, which I don't want to do.
Things at my job seem ok right now, but that could change any minute. If things go sour, and I am laid off, or bullied into quitting, I would like to have a backup plan in mind besides moving back in with my parents.
I know the typical formula in life is get a job first, then move there. But I am tired of working in a place where real estate is so expensive, most of my money goes out to rent. I am also really tired of working 9-5 in a corporate office environment, which honestly feels like high school to me at this point. So I'm thinking of doing the opposite, move first to cheap area, then find part-time work.
Right now I have around 60k-ish saved up if I liquidated everything. I am thinking that when/if my job goes sour, I will just liquidate everything, and buy whatever house/condo I can somewhere cheap, potentially in another part of the country (US) with 50k, with 10k kept as emergency/start over fund.
I have seen some ads on zillow for like 50k or less in some parts of the country, are those legit? Are they liveable or all ghettos? Anyone have a suggestion?
Anyway, other question is what I'd do for money, I imagine after buying a house cheap and I would have far less expenses (no more rent except property tax) and hopefully could survive on part-time income, plus roomate(s) if I get a 2+ bedroom. I would try to just get a lower paying part-time job in the area, or work online. I've been tinkering with trading crypto, and some other gigs I could do might be online tutoring, freelance programming jobs, my own side business (I have some product ideas, not sure how well they'd pan out), online stenography work, uber driving, etc etc, or just a part-time shift at subway or something.
Just thought I'd throw this out there, good plan or bad? I think if I knew I had a decent backup plan that didn't involve struggling to find a new corporate office job in an expensive area or moving back in with parents, it would make my current situation more tolerable, knowing I had some escape and didn't feel as trapped.
Thanks for reading
Submitted April 19, 2017 at 03:33AM by Bitcoinewbie1 http://ift.tt/2pR9grz
