Jshubin
Power Conserver
I live in a rural suburb area (not even close to paid off lol), but it would be nice to own land in different regions of the country for those geopolitical or natural disasters mentioned above...
In recession type of situation, having an alternate paid off (or cheaper) piece of land with a mobile or house on it would be a nice get away in case you lose your main home due to economic losses. In most cases this 2nd property would be further from civilization for the benefit of cost, extra land and potential security.
But depending on how desperate things get, its hard to say if the title in your hand is worth anything. In SHTF scenario the owner may be whom ever is occupying the house with protection... Your second property may be occupied by squatter if left unattended.
Having good connections with Family could save you the cost of owning second properties. I have family about 4 hours from me, with enough acres of farm to feed a small town.
In recession type of situation, having an alternate paid off (or cheaper) piece of land with a mobile or house on it would be a nice get away in case you lose your main home due to economic losses. In most cases this 2nd property would be further from civilization for the benefit of cost, extra land and potential security.
But depending on how desperate things get, its hard to say if the title in your hand is worth anything. In SHTF scenario the owner may be whom ever is occupying the house with protection... Your second property may be occupied by squatter if left unattended.
Having good connections with Family could save you the cost of owning second properties. I have family about 4 hours from me, with enough acres of farm to feed a small town.