Ok, I'm back as promised, to talk about our search for land...
So. Back in January when we returned from California, friends of ours got excited about building a tiny home of their own and we decided to buy some land together... Together? How?
Well, our bank offers a 'mixer mortgage' that allows two or more people to share a mortgage. By dividing the property costs, it increases each party's purchasing power. Everyone's ownership is then protected by a legal co-ownership agreement. How the property/home is divided is up to everyone involved. We wanted it to be 50-50, but a mixer mortgage does not have to be split exactly in half. This type of mortgage is portable and assumable and it is eligible for multi-owner insurance. It's an all-round great option, especially if you live in an expensive part of the world.
We saw a number of advantages in the sharing of land. Firstly, and very
practically, it made it half as expensive. Other reasons included:
the sharing of tools/kitchen gadgets, having people on the property when
we are away, built-in community, mutual doggie-sitting...
We were so excited that we went looking even during a snowstorm:
But. Alas. We did not find any land that we fell in love with :(! So we started looking at another community closer to the big city, upon a hill with this view of the Pacific Ocean:
So at this point, tBoy and I are joking around, that at the end of this search, we will just end up in a condo of our own (no mixer mortgage)! Well...
As tBoy and I thought more and more about land ownership, we realized that we LOVE our bus, but we do not love renting land. We did the bus project to stop being renters, but we still ended up as renters... in a different way... but renters nonetheless. As our search for something that we could share with our friends became more and more discouraging (due to restrictions and zoning), our desire for something of our very own increased. So... Condo? No!!
But... We did look at some townhouses... but, just like condos, you are part of a strata... so you do not have complete autonomy of your environment or your home actually... I think you know where this is going...
WE BOUGHT A HOUSE!
Yes. Crazy. I know. A real. Entire. Detached house. Of our very own.
I can go on and on about why? how? what?... But I'm not going to.
For now. We bought a house and are waiting to move in.
For now. I'll just say this:
The teeny tiny LIVING bus will soon be ON SALE.
We are selling this beautiful bus home.
More details to come VERY soon.
Here are some photos of the bus again: click here.
More photos to come soon.
Check back soon.