HP'ers may remember this conversation from February, the idea of selling you overpriced sh*tbox in Arizona or California, cashing in at the top, putting the $ in CD's and moving somewhere real. Somewhere where homes didn't go crazy (usually the middle of the country, like Montana, maybe a town in Kansas).
Live the simple life. Stop working, or working so hard. Stop going to flipping Pottery Barn every weekend to buy more junk. Sell the Lexus and get a pickup truck. You get the picture.
So, anyone do it? Anyone regret not doing it by now?
I intend to do it, but that little city won't be in the US, it'll be over here somewhere. We'll see. Give me an internet connection and a phone line, and I'm good to go. Oh, and good train connections, so I can still get to symphonies, opera, the airport and the sea.
From the inspiring Moments of Clarity blog, done by a guy who did just this, here you go:
On Geographic Arbitrage and Corn Fields
Thank you Rich Karlgaard http://www.life2where.com/ for helping me finally pull the trigger on the big move from the "skyrocketing coastal markets" to the flyover country. Reading Karlgaard's book "Life 2.0" and Po Bronson's "What Should I Do With My Life", have really helped me to grasp what it means to exit the California race for AM freeway position and enjoy a fuller life. Now, I'm taking my CA income and job to Des Moines Iowa.
We were able to spend some time there and my business travels keep me in the Midwest quite often and I've come to enjoy it. I realize that living there, snow, cold, etc. will be a shock for a while. But, as I frequently say to friends and family, "I don't know about you...but I tend to drive 2 hours a day to work inside an office after exiting a climate controlled car and then it's too jammed on the freeway all weekend long to actually go anywhere without popping a vein and I have 2 kids under 3....so what am I missing by moving to a different climate???"
As discussed in Life 2.0, we'll probably find a very nice house of roughly 2.5 X the size for about $250k. Yes, you can write a check for houses like that coming from CA. I wont but the thought of saying, "I'll write you a check right now if you take $25k off so I can go buy the Volvo instead of the Hyundai" feels nice.
September 27, 2006
Now that the bubble has burst and the meltdown has started, anyone practicing or thinking of doing Geo-Arbitrage?
Posted by blogger at 9/27/2006