tag:blogger.com,1999:blog-4912713243046142041.post479136217193268888..comments2024-03-27T18:20:38.176-05:00Comments on TYWKIWDBI ("Tai-Wiki-Widbee"): Defining the world's richest 1%Minnesotastanhttp://www.blogger.com/profile/01382888179579245181noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4912713243046142041.post-12743127622661693682012-01-16T19:23:55.881-06:002012-01-16T19:23:55.881-06:00As Stan has quite rightly said, it's not reall...As Stan has quite rightly said, it's not really fair to compare across different nations - cost of living has to come into it. If you earned say $10,000USD per year but were living in Fiji or Kenya you would be considered VERY wealthy, but trying to live off that much while living in the US would be difficult and probably bordering on impossible...Muzzmanhttps://www.blogger.com/profile/06739179623828877665noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-80597769145864715652012-01-16T13:46:49.224-06:002012-01-16T13:46:49.224-06:00Oh, I wish. It's just a house. Banks won't...Oh, I wish. It's just a house. Banks won't lend money now to anyone looking in that price range.Miss Cellaniahttps://www.blogger.com/profile/16056319889765739429noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-13037243643244674252012-01-16T11:31:46.340-06:002012-01-16T11:31:46.340-06:00Miss C, if your property is forested, you might co...Miss C, if your property is forested, you might consider monetizing the land by harvesting timber. This doesn't mean clear-cutting- it can be done selectively to actually enhance the woods and improve the quality of the remaining trees.<br /><br />In Minnesota, the university's agricultural extension service can provide low-cost surveys of tree types on a parcel and recommend which ones can be removed. Here in Wisconsin we resorted to consulting a private arborist, but you can even find grad students in Ag school who can give informed advice after a weekend of walking through your woods. <br /><br />The market for wood fluctuates with the housing market, so this might not be a good time to do the actual harvest, but conversely it might be a cheap time to hire an arborist for a consultation.<br /><br />If you've into long-range planning for children, the forestry service can provide (or plant) hardwood species (walnut) that will be worth $$$ in several decades (if noone finds them and steals them...)Minnesotastanhttps://www.blogger.com/profile/01382888179579245181noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-68801841374367946242012-01-16T10:54:33.457-06:002012-01-16T10:54:33.457-06:00Sadly, those parcels of land in Eastern Kentucky a...Sadly, those parcels of land in Eastern Kentucky are worth exactly what someone is willing to pay for them. I've been trying to sell one at a loss for four years now.<br /><br />You can't eat land, but owning any that you don't live on will prevent you from qualifying for food stamps, no matter how many kids you have or how low your income is.Miss Cellaniahttps://www.blogger.com/profile/16056319889765739429noreply@blogger.com