6 ms·
this is just a guess - maybe they're not doing it for money, but as a form of a hobby
by ljk 11y ago
this is just a guess - maybe they're not doing it for money, but as a form of a hobby
- mhurron 11y agoWell yes, but they still have to pay for it. For most people that means working, and that's time out of a day, most days a week. They included what it used to cost to heat and power the school for a year, but never mention what it is now. Details that are interesting to the story but probably take away from the 'feel good' type of article they were trying to make.
- scott_s 11y agoThat's fine, but that still doesn't answer bane's question: how does this family earn the income which they use to live?
- ljk 11y agogood point, it would be interesting to see how they can afford this
- tdicola 11y agoEarn it, inherit it, or win the lottery. Does it really matter what they did to acquire it?
- scott_s 11y agoIf they are earning their living living far away from their old jobs, it's interesting to know how they are doing that.
- bane 11y agoI always feel there's kind of a weird slant to these kinds of stories...a "hey, look at how these clever people are living, isn't that a great idea hint hint maybe you can do it too!". And you'll see this kind of living referenced in all kinds of alternative living magazines and websites and whatever. It's like the tiny house movement, where you read about some daring young family who've moved into a 300 sqft shed with a composter out back. What you never hear is what life is like 2, 3 or 4 years later. (actually you do, and it's usually stories of people about to go crazy for lack of places to go just to have normal time alone after a year or so) I think it potentially paints a false picture of what it takes to do this. For example, it mentions that the school was listed for $256k, has 10,600 sq ft of space and 8 acres of land. It sounds like a steal and so obvious that only idiots wouldn't think this sounds like a great idea. But wait, it gets better! They actually only paid $190k for it! Well shit, I should sell my house, quit me job and cash in my 401(k) so I can live the highlife like these folks in my slightly oddball, yet roomy estate. Sure it was a little bit of a fixer upper, but that's nothing some elbow grease won't fix. Heating bill is $4k/mo? No problem, I'll just bring the kids out and we'll chop wood. It sounds like for under a quarter million these folks ended up with a little slice of consequence free paradise. But that's obviously not true. "After much searching he found a plumber who was willing to make the drive to the south-east corner of the county to help him get the new system running. Loads of insulation and 60 new windows were in place. Suddenly everything came together and they were all blissfully warm." Okay, so that's like what, $60-100k in windows. $10-15k for a wood pellet boiler they could never install. Probably thousands of dollars in plumber bills (I can't get mine to come out to even look at a sink for anything under a couple hundred dollars). What do you want to bet that the school was packed full of asbestos they had to replace? It talks about ways they save some money, gardening for vegetables (in those great long Canadian growing seasons) and run a B&B with 3 whole rooms (only in the summer months). "Last summer, for example, all five of them planted seeds for growing organic corn. When the corn was ripe, the girls earned their own money for new tablets by selling it at a roadside table." Well isn't that nice. That's a lot of corn. Are they basically just farming the property? 8 acres isn't a lot of land to support commercial farming. Now toss in the expense of farming equipment, seed, etc. I believe (based on the description in the article), that this is the place https://www.google.com/maps/@43.9341989,-77.1030939,358m/data=!3m1!1e3 https://www.google.com/maps/@43.9341989,-77.1030939,358m/dat... If so, they lose about 2 acres to the school, the tennis courts, the entrance and the back lot behind the building. From google earth it looks like they have about a quarter acre under cultivation right now...but the sports fields to the West look like they may have something growing. Some googling shows that you can get about $300 per acre for corn with costs of about $250/ac to grow it. So if they put all 6 available acres under cultivation they might get about $300/year in profit. Those poor girls must have been selling corn at that stand for years before they could all get tablets. Actually it also look like they're planting trees that will eliminate lots of their arable property. That may be what's going on in the old sports fields. "They have already planted 1,000 trees and aim to plant many more. “We are treeing the land just as quickly as I can possibly do it,” Mr. Parker says." Maybe this is a desperate attempt to cut down on the crazy heating bills? Either way, they aren't paying for heating with roadside corn and 3 months of 3 room B&B overflow. So either they started off wealthy and this is just some kind of "get back to the earth and spend time with our family" early retirement, or they're living in virtual poverty conditions. Wait until they need to spend $100k to reroof that school. I really wish these kinds of stories would talk more about how these families make ends meet because otherwise it comes off as a little idealistic and even fantastic. These are incredibly expensive fantasies in these stories and I think lots of people believe it's not.
- ju-st 11y ago> To be perfectly honest, we really didn’t give our purchase the right amount of consideration. We were so excited and scared that we forgot to properly assess the practical side of owning a 65 year old institutional building with no insulation. Quote from their blog https://lettersfromthelunchroom.wordpress.com/ https://lettersfromthelunchroom.wordpress.com/ And their Toronto house was a former crack den so they probably didn't make millions with selling it.
- bane 11y agoOh great find! Here's a radio interview with them as well http://www.cbc.ca/metromorning/episodes/2015/08/24/school-b-b/ http://www.cbc.ca/metromorning/episodes/2015/08/24/school-b-... Not much more enlightening I'm afraid. The wife doesn't work (when not running the B&B) at all. So if there's any outside income it's her husband. Who knows? Maybe they just burned up all their savings renovating this place and live just lean enough to make it work. If so, good for them!
- djloche 11y agoWhen you don't have a mortgage/rent payment, it appears that you can live a simple, full country life on very little. They run their 3 suite Bed & Breakfast ($200+/night each) plus they operate a bluegrass music camp/festival that brings does decently too. They've been able to get press for their little business, so I'm sure they're doing just fine. Re-frame it in your mind as if they decided at 40 years old to put their savings and lucky timing in the housing market and invest in a low to no debt 'lifestyle' business. edit: A few other notes: - people plant acres of trees with in-demand wood and then sell the future rights to those trees. Don't have trees growing, can't sell the future right to the trees. This is pretty common, and the author of the article probably felt it was obvious why they were planting a lot of trees. - kids selling surplus produce at a roadside retail stand are not going to be selling by the bushel/acre. This is a lemonade stand, not a commercial business. The kids are going to have enough cash from their summer operation to buy new tablets or other fun things, but not enough money to survive on.