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 hard… So when she talks about security and stuff her yardstick is different?

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That’s so shocking to me! Are the 3 month check-ins for all renters? Like even apartments? And there’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 can’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 they’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 week’s notice, they don’t just waltz in wherever. Applies to any rented property AFAIK, but if you rent privately then your landlord can decide they won’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.

I’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. There’s some places that are rented fully furnished with couch and everything, though.

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Woah, that’s so invasive. I can’t even imagine that happening here, lol. I wonder why those laws came about. Is there a penalty if you don’t comply? Like if you don’t clean more and it’s worse the next time can they kick you out?

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Yeah, I don’t know how bad it has to be. But there’s also like a 30 days notice to kick you out any time? I’ve forgotten some details since it’s been over 3 years since I was renting.

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Damn! I mean that’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 beaches… And while I don’t run in status circles, it seems a weird flex outside like, Malibu.

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I’m just baffled by him thinking he’s the entrepreneur and she’s the employee and somehow that means it’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 we’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 don’t ever want to spend it,ā€ which is my default mindset) has been a little inspirational.

I’m still not sure how much my possibilities are things I actually want to do though. I really like my work, but I’ve been joking about quitting my easy and lucrative biotech job and working much harder and loosing money running an organic farm. But I don’t know if I’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 you’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 don’t do it, we at least still have a ton of money. But I do like Ramit’s insistence that it’s good to get granular about what specifically you want.

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The book Decisive is a good one for this. There’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 there’s a CSA in your area where you can help with labor and pick their brains as much as possible

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There’s a community farm that needs volunteer labor. I keep meaning to go check it out and then not. I’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 people’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 ass… that girl can turn around and make a new business without you loser.

To be clear he’s a wanna be tech bro. Not a successful one.

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Wannabe tech bros = the worst kind!

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