I Will Teach You to Be Rich: Podcast Gossip and Discussion

I want to live in a condo or rental apartment and buy a cottage. Seems reasonable based on n=me

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Oh, I forgot. So, in Australia, or maybe just WA?, every 3 months you have a rent inspection and the owners or real estate agent checks the house is still in good condition and gives you a list of things to do better at. I hated it. Stressed me right out. Without that I could imagine renting, but also landlord can kick out with a few weeks notice and moving is hardā€¦ So when she talks about security and stuff her yardstick is different?

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Thatā€™s so shocking to me! Are the 3 month check-ins for all renters? Like even apartments? And thereā€™s no tenant protections???

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Eek. Here there is a legal right for the landlord to check annually, but few do, mainly they do the fire alarms. And they canā€™t comment on anything really. Like unless you left drugs out on the table or are setting fire to the wall.

Maintaining a house is hard, and in a lot of the big cities, even without maintenance it takes more than 25 years for buying to make more financial sense than renting

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Normally theyā€™re just like ā€œmow the lawn more plzā€, or ā€œdust under the light fittingsā€ type of stuff, but you have to super clean the house before they come over. You get like a weekā€™s notice, they donā€™t just waltz in wherever. Applies to any rented property AFAIK, but if you rent privately then your landlord can decide they wonā€™t bother doing them.

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Wowww. That is so far from Chicago renting it might as well be another planet!

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Yikes. That would bother me a lot.

Iā€™m always surprised by how different renting culture (?) is in different places. Like how in LA you have to bring your own fridge???

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We had to supply our own fridge, washing machine and dryer. Thereā€™s some places that are rented fully furnished with couch and everything, though.

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Woah, thatā€™s so invasive. I canā€™t even imagine that happening here, lol. I wonder why those laws came about. Is there a penalty if you donā€™t comply? Like if you donā€™t clean more and itā€™s worse the next time can they kick you out?

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Yeah, I donā€™t know how bad it has to be. But thereā€™s also like a 30 days notice to kick you out any time? Iā€™ve forgotten some details since itā€™s been over 3 years since I was renting.

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Damn! I mean thatā€™s one way to push people towards buying, lol.

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Yeah somehow renters rights never come up in the ā€œfirst homebuyers need help!!!ā€ discussion :roll_eyes:

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Given the context of ā€œBeach Houseā€ I suspect she actually means Carmel-by-the-Sea, CA (it usually just goes by Carmel in the Bay Area). The cheapest I could find in city limits was 2.5M, but you can slum it in this trashy townhouse (jk not trashy in the least :rofl:) 24520 Outlook Dr #11, CARMEL, CA 93923 | MLS# ML81865784 | Redfin

Also, CA allows private beaches but not private ocean; nothing below the high tide line can be considered private property, IIRC. There are a lot of public beachesā€¦ And while I donā€™t run in status circles, it seems a weird flex outside like, Malibu.

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Iā€™m just baffled by him thinking heā€™s the entrepreneur and sheā€™s the employee and somehow that means itā€™s OK to skip his duties on the farmers markets? Like, no, the owner normally works harder than the ā€œmere employeesā€?

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This podcast is very timely for me, because we have a meeting with our new financial advisor on the 29th and weā€™re supposed to figure out our ā€œVision for a Desired Lifestyle to Build Towardsā€ and it was feeling very overwhelming. It still feels overwhelming but listening other people do the same thing (and get talked out of ā€œI just want money in case I need it but I donā€™t ever want to spend it,ā€ which is my default mindset) has been a little inspirational.

Iā€™m still not sure how much my possibilities are things I actually want to do though. I really like my work, but Iā€™ve been joking about quitting my easy and lucrative biotech job and working much harder and loosing money running an organic farm. But I donā€™t know if Iā€™d actually like that or if it would be way too much work.

Anyone have thoughts about how to decide if your dream is what you actually want or if youā€™re super romanticizing it? If we save a ton of money towards a retirement farm (or my other vague dream which is a house with an outbuilding that I can turn into an artists residency for my friends) and then donā€™t do it, we at least still have a ton of money. But I do like Ramitā€™s insistence that itā€™s good to get granular about what specifically you want.

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The book Decisive is a good one for this. Thereā€™s a concept called ā€œoochingā€. Basically, how can you dip your toe? To the lowest degree while still knowing?

So thought for you in particular:
Summer internship during a sabbatical
WWOOF trip
See if thereā€™s a CSA in your area where you can help with labor and pick their brains as much as possible

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Thereā€™s a community farm that needs volunteer labor. I keep meaning to go check it out and then not. Iā€™ll put that on my list more seriously for this spring and summer!

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Would anyone be willing to episode sommelier me? Likes: minor drama, getting into other peopleā€™s business, anyone gay. Dislikes: tech bros who are too tech bro (I dated two of them for a long time, I have put in my time), mean husbands, interrupting.

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Do not read or listen to episode one. Jerk tech bro condescending. I read it last night and it was terrible! Crypto my assā€¦ that girl can turn around and make a new business without you loser.

To be clear heā€™s a wanna be tech bro. Not a successful one.

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Wannabe tech bros = the worst kind!

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