You're right, but I meant legal p4p throughout the entire United States.momopi wrote:http://en.wikipedia.org/wiki/Cathouse:_The_SeriesNorthAmericanguy wrote: Anyhow, the problem with America is that there is no legal p4p, so men are forced to get their own place in order to attract a woman into their lives to have sex with. Also, some women are just not comfortable having sex with a man when his mom and other family lives under the same roof. It's cool when you're 18, but when you're 30/40 years old, in Western culture, it's not the same, and some women wonder why a man can't support himself in his 30/40's and why he still lives at home.
There are a few places in the US with legal P4P (we even have a reality TV show on it), and certain illegal P4P's are generally tolerated if you keep it behind closed doors. I had a friend who ran clothing optional parties at his house where he basically collects an admission for guys to come and have an orgy with few girls. He did it for years without problem, until he got a brick up his rear and decided to put up a big blinking sign in front of his house that read "nakked party". Very quickly he found out how intolerant the neighbors, police, and fire department can be when you become a "problem" to them.
o.O I had some rather odd experiences visiting him over a decade ago, when he wasn't running a party on the weekends, he had the girls over to play EverQuest in the nude in front of webcams. It was kind of like a webcam + Chinese MMO gold farming operation at same time. They'd sell the in-game gold and items on ebay.
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You know, I had to come back here because I had a change of heart thinking things through.
I do think owning a home can be a good thing under certain circumstances.
Firstly, if you own a home (and I mean you paid it off) you have a roof over your head no matter what. I have read countless information on the internet as well as met real life people where if they had not had their own home, they would have been homeless because of either job loss or because they were too sick to work. Worse case scenario, if you own a home you can get a job at Burger King and that will be enough to pay your utilities and yearly property tax. Not the case if you're renting!
The second good reason to own a home is to be able to rent it out. You can rent out a room which my grandfather did for years or you can rent out the whole house. And if you rent out your home, you can then realistically think about relocating overseas to a cheaper country and not worry about finding a job.
For most of you guys, building a business or investing just isn't going to work and it isn't realistic. But buying a small home in a nice suburban area and renting it out is probably your best bet and most realistic way to go about living overseas and having some kind of steady income.
This is now my plan.... I'm saving towards buying a home outright with cash within the next few years then rent it out way later on down the line. Getting as little as 1000k a month will then go a long way in places like Thailand or the Philippines.
Back to the original question. Like somebody else said, they want a matrimonial asset to claim half of. I had to give up my half of a grand old Victorian house, but hey, I originally paid just $40,000 for it, so what the hell.
As for real estate, here in my part of Canada the laws are biased in favor of the tenant, where it's hard as hell to kick them out if they stop paying rent, or if you're lucky and you have regularly paying good tenants it's hard as hell to raise rents. If hyperinflation ever occurs and the prices of hydro, oil, property taxes, whatever rise super high super fast, and you can't raise rents fast enough to cover them because of onerous tenancy laws, it seems to me that it'd be pretty easy to quickly go bankrupt.
There is an exception though; operate as a hotel and tenancy laws don't apply.
If I ever get married and import a wife again, we'll be living in a rented abode! Live'n'learn!
One good thing about owning real estate is that it can support you and you can be your own boss. Maybe you can even take 3+ months of vacation per year. I live in a fast-growing town, so commercial and residential property may be appreciating quickly. It may be worth it for me to do some investing in that area. I'm going to a real estate seminar soon to learn more.