Thursday, July 23, 2009

Your House and Living Successfully: Part 3/4

The Hybrid Nomad Farmer Model:

People often like to think that hybrid systems would give you the advantages of both systems involved. My experience and observations indicate that the opposite is true. Hybrid systems suffer the limitations of both systems and fail to properly realize the advantages of either. The Nomad Farmer is no exception.

A Nomad Farmer arrives to find fresh fields and abundant wild herds and starts to build expensive Farmer Model living quarters and expensive Farmer Model embedded infrastructure, only to pick up and leave the most expensive parts when the local ground becomes exhausted and the wild herds migrate. More often than not, he leaves poorer than when he arrived.

There are no examples of successful Nomad Farmer Empires. The lifestyle is so wasteful, that the chances of success of any measure are sufficiently remote and improbable that Empire building by these people is never more than a dream.

I personally know two families who have spent their adult lives pursuing the Nomad Farmer Hybrid Model. Up and down the West Coast they went chasing work like modern Nomads, yet whether they rented or bought, their money was spent on housing and land that did not move with them. Stuff acquired would be tossed or stacked in epic loads on trailers and moved using great heroics. Unfortunately, I believe the biggest mistake lies in that they tried to live in these places like they were Farmers. They spent money on housing They couldn't pick up and move and acquired things they couldn't move. The result is they enjoy temporary benefits from the new location, but often ended up with less each time they moved. The severity of the problem actually increased with the increase of Nomad income, because that enabled the purchase of more Farmer type purchases.

The only success I have seen involved a couple that happened to move to California during a particularly rich time. While earning a Nomad's wage, they managed to pay two mortgages at once. This combined with selling the California house at one of the peaks of California real estate markets, was able to ultimately buy their current place outright. They have lived here for a record breaking 15 years in spite of sketchy employment. They were able to finally able to live in a full Farmer Model residence and have built the best they have ever had. The problem is, they didn't do it until they were 60 and nearly retired. Two others I know, have embraced self employment and the Farmer model early. They have suffered robbers. Boy howdy have they suffered robbers. Yet in this big economic crunch, they are doing better than the Nomad Farmers I know. They are not without their money problems, but yet they are financially better off because their Farmer Model income matches their Farmer Model acquisitions.

To be continued.

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