Buy an Abode

Do you remember when you used to play MASH as a kid?  You would find out your entire future including whether you would live in a Mansion, Apartment, Shack, or House.  [Note to self: plan post on playing Law MASH.  If you, dear reader, wants to do it first, e-mail it in and we'll post it as a guest submission.]  Well, the time has come; you should spend some time in BarBri picking out your shack.

Land prices are, after all, at an all time low, right?  According to Reuters (which means it must be true), there's a town in New Zealand on the market for approximately $715,000 (US).  You get all forty residents and the pub.  I like pubs.  Mmmm.

Now of course you could never get a mortgage now.  One of the things they look to is debt to income ratio.  Ha.  Remember your pre-debt days?  Yeah - you were still playing MASH then (callback). 

Nonetheless, you should spend class planning ahead for the likely scenario that one day you will happen to come into some cash.  And check out the property listings - identify your dream house.

Let's see what we have?  These all come from cities where our readers live.

Let's start in Fayetteville, AR:

This house is $4,000,000 - 6 Bed, 13 Bath.  Now that makes no sense to me.  Why do you need more than two bathrooms per bedroom?  Just in case a few get clogged?

Next we go to Brooklyn, NY:

This one is also $4,000,000 but has 5 Bed, 5 Bath.  Now that makes more sense.  And look - trees!

Next is Ellicott City, MD:

This place is just a drawing. I like drawings. But I don't think I'd want to live in a drawing. What kind of a crazy place is Ellicott City with those drawn houses? This drawing costs $540,000 and has 4 beds and 3 baths.

Find your ideal house and write about it in the comments.