Comment on Land acquisition question - Two Car Garage
Num10ck@lemmy.world 1 year ago
if you can relatively afford it and the extra space would add a lot to your life then go for it. if its a hardship to pay for it and/or the extra space is just extra then don’t. loans are likely hard to come by for undeveloped land in normal years and able to be almost impossible soon.
dag06001@lemmy.world 1 year ago
Luckily I have the cash for the land. It’s the loans for everything else that is worrying me.
Num10ck@lemmy.world 1 year ago
maybe buy the land cash for now, and wait on the improvements while saving up and planning
dag06001@lemmy.world 1 year ago
Yeah that’s the plan for now. I’ll need to take down a few giant pines back there and grade. All that can be done this year probably. I wish heloc rates were still low, locked in at 3% for the home.
Num10ck@lemmy.world 1 year ago
the problem with HELOC is your house is collateral… if you cant make the payments you lose your house.
maybe figure out how to build the structures using the pines. maybe figure out how to make money with the space.