Profitable Housing | Week 52
“If the game is set against you, then change the game.” – Bryce Ward 5/1/2021
Your first house will be one of the most significant purchases of your life. This next year I am getting ready to purchase my first home and begin living on my own. However, once I secure my first house, I will be facing a high price tag for my home. The high prices are mainly due to the low supply of housing and increased demand for land thanks to the Coronavirus forcing many people to work from home. So how can I reliably pay off this debt in a way that avoids requiring a 9-5 job? How about selling electricity to the power grid.
Food, Water, & Power
What are the pillars of an economy? Food and water to keep us alive and then electricity to power our machines that produce our products. The production of raw resources is a constant need as humanity grows, and as the electricity demand grows, we need to find creative ways to meet that demand. To me, that means the way we build and use our homes needs to change. Firstly our homes need to become more efficient in using power and reduce the amount of electricity required to live comfortably. Secondly, each home needs a way to produce electricity constantly. How this power is produced depends on the land. Where solar and wind power makes sense in one area, geothermal is a cheaper alternative in another. Once a house generates more electricity than it consumes, excess energy could be sold back to the power grid for a profit.
Why Pursue This?
If I am to make work optional for myself, then I need to solve problems. By investing in homes that can turn a profit generating electricity, I have changed the housing game for myself and everyone. If I can guarantee a monthly return on my investments, I can take things a step further by renting out these houses at a lower rate than the local market. I can effectively create a new standard for renting where the landlord’s number one priority is to produce electricity and not squeeze out their renters for every penny. So long as the rent payments leave enough room to cover renting costs, I could see housing become much more affordable. Also, this allows individuals like myself to invest more money into their futures.
Hey, thank you for reading this week’s post! I hope you found this idea of profitable housing as enjoyable as I did. I think this topic deserves more research, and I’m planning to test my theories in the future. What do you think about creating profitable housing? I would love to hear your comments down below!