Well, a real estate agent is coming tommorrow at 2pm to check out our house. After the ‘One Island, One City’ fiasco was rammed through, we decided enough was enough. We don’t want to live in a mega city. Extensive discussion has revealed we don’t want to live in any city. Nor suburbs for that matter. We want to sell our house and find a place in the middle of nowhere, somewhere on the Canadian shield and go into semi-retirement.
Here’s the rough plan:
We paid $100k for our house. Initial talks with real estate agent and a rough market analysis lead us to believe we could hope to get $150k for it. (not bad profit over 2yrs) After paying back the mortgage and various fees, we should be left with about $100k.
$30-40k can get you quite a bit of land out in the middle of nowhere. We’re thinking of the corridor between Ottawa and Kingston as our destination. It’s wild, rocky, and cheap. The taxes out there are probably not more than $300-$400 per year - if that.
We’d live in the old rickety farmhouse ($30-40k won’t buy you a mansion, even in the middle of nowhere) and build our earthship largely from the materials on the land. Namely wood and stone. (There isn’t much else up there) It would be a very well designed house. We want to be ‘off the grid’ and providing for our own needs as much as possible.
With no mortgage, low taxes, and little or no dependence on Hydro-Quebec we should be able to survive on less than $5k/year. Important, because there’s probably not a lot of income potential in the middle of nowhere.
As far as income goes, I could get my ceramics studio up and running and sell pottery in Kingston, Ottawa and over the internet. I could also continue to build furniture (same sales/marketing tactic) and do stained glass. Under these circumstances, I sure wouldn’t have to run a booming business to do well.
Our young son would come with us and be schooled from home. We’d be withing 2 1/2 hrs from Montreal so visitation with my older son would still happen on a regular basis.
So there’s the basic outline. Any thoughts, comments questions would be greatly appreciated.