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| Mortgage-Free!: Radical Strategies for Home Ownership (Real Goods Solar Living Book) | 
 enlarge | Author: Robert L. Roy
Publisher: Chelsea Green
Category: Book
List Price: $30.00
Buy New: $12.95
You Save: $17.05 (57%)
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Avg. Customer Rating:  (20 reviews)
Sales Rank: 464256
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 368
Shipping Weight (lbs): 1.4
Dimensions (in): 8.9 x 6.2 x 0.9
ISBN: 0930031989
Dewey Decimal Number: 643.12
EAN: 9780930031985
ASIN: 0930031989
Publication Date: June 1, 1998
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
This is a banker's worst nightmare?a book that tells you how to live without being enslaved to financial institutions.
Chelsea Green has produced a formidable series of books on innovative shelter. But every alternative building strategy, no matter how low-cost or environmentally benign, requires a complementary financial strategy. the accepted path is to go hat-in-hand to a big financial institution, such as a bank, to borrow a lump sum that is repaid over many years. By the time the loan is repaid, the homeowner will have paid several times the original amount in interest.
The literal meaning of "mortgage" is "death pledge." Author Rob Roy is offering an escape route from a lifetime of indentured servitude. Mortgage-Free! Radical Strategies for Home Ownership is a complete guide to strategies that allow you to own your land and home, free and clear, without the bank. Included is detailed advice about:
Clarifying and simplifying your notions of what's necessary
Finding land that you love and can afford
Taking control of the house-building process, for the sake of sanity and pleasure
Learning to take a long-term perspective on your family's crucial economic decisions, avoiding debt and modern-day serfdom.
Amazon.com
The origins of the word "mortgage" are Old French and translate roughly to "death pledge." Rob Roy takes a radical approach here to help the reader understand how mortgages work; explains clearly how, if you have a mortgage already, you can maximize your equity sooner and save tons of money; and how, if just starting the process of acquiring a home for yourself, there are clear alternatives to a standard bank mortgage that will save you massive amounts of money, time, and financial headaches. Roy covers the following subjects in detail: the grubstake--the essential financial asset that will stay with you for life; how to find land that you love and can afford; how to seize control of the house-building process; how to clarify and simplify your ideas of what you really need; and how to construct a low-cost home. Included in the book is Roy's own personal story of mortgage-free living, as well as those of others. His wry humor makes for an entertaining read, and his ideas, examples, and advice are clear-headed, logical, and hopeful. His financial calculations and charts are clear and imminently sensible while being real eye-openers. Your banker may not want you to read this radical book, but it amounts to a guided, rational plan for home ownership and financial liberation, and will no doubt soon be considered a classic. --Mark A. Hetts
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| Customer Reviews: Read 15 more reviews...
 READ ME! Home ownership and mortgage freedom is the American dream November 15, 2006
1 out of 1 found this review helpful
Let's face it. It is the American dream -- having no mortgage and owning the property that you have. The book describes how to live within your means and being happy. Other urban places that people pay millions of dollars for a condo might find their busy lives as something to live for, but an equal amount of unhappy people in urban places are committing suicide because they don't know how to get out of the hole. Buying land cheap, building a cabin, and living in it is the best way to go, especially with cheap wireless Internet these days.
Other recommended titles that helped me purchase land cheaply:
Investing Without Losing (ISBN: 0978834607 NOT on amazn, on other stores)
Excellent resource for those who want to live debt free! October 11, 2006
Very encouraging to know that it can be done. Rob gives a lot of useful info on how live mortgage free. My husband and I are going to do it!
 I'm halfway through - and already I can tell this book's a keeper! September 20, 2006
2 out of 3 found this review helpful
So I was reading today our of "Mortgage-free, radical strategies for home ownership." I like the book, the author gives a pretty round view on ways you can get away with doing exactly what the title tells you. Almost all of his ideas start out with you gathering up a grubstake and buying a piece of land - which is okay, but I can't even afford the land I want, so that's a bit of a problem for me. Perhaps I should think more modularly and buy a small piece and acquire more adjacent to it when I have more cash.
Anyhow, today he discussed underground homes. That was an interesting subject - basically this is just taking house berming to the maximum and setting your house down so far that once you backfill around the home, the roof is still enough below the original grade that you can plant a living roof - or just cover the damn thing with dirt and let biology ensue, with native plants reclaiming the disturbed environment. Very low environmental footprint - great way to hide from spyplanes and helicopters, but does require some industrial strength digging to get down to to where you need to be, and we've already noted that digging like taht costs money and what's more its not a remote-friendly technology. But, if you had an underground home with a masonry stove you'd be pretty set for whatever the weather could throw at you and I would expect the dwelling to last quite a long time indeed.
He also stressed the importance of being fluid, or rather the foolishness of planning what type of home you want before you've acquired your homesite. So much of what type of home, building technique, power source and siting is dependent upon your homesite and its ammenities, topography, harvestable and recyclable resources that really doing any kind of planning before you're onsite is likely to be more of a hindrance then a help when it comes to getting the best house for your situation. This was something I was already thinking (it is how I've been trained to look at gardening and orcharding: live with the land for a year before planting to find where the plants should go) but it was nice to see it written out elegantly by the author.
I still think I'm leaning towards a strawbale or cordwood dwelling. Cordwood could actually be reasonably remote-friendly and is easier than building a log cabin by a long site. Really you're just going to have to get your cement in - you can handsaw the cordwood rounds for the walls and move them about easily enough. I think I should start small, and get a small piece of land and build a little living shed on it and see what I can do. Like the book says - its better to use the same technique and screw up on a small dwelling at a cost of $500, than on the main house at a cost of $5000.
I'm learning a lot - and I feel the book was definitely worth the purchase price already.
Dominic Ebacher
ebacherdom.blogspot.com
Good General Overview limited in detail August 1, 2005
7 out of 7 found this review helpful
Mr. Roy's book is a great primer on thinking about different strategies for owning a home that don't involve the normal process. The book is primarily based on the idea that if one can or wants to live a life outside of the consumerist norm then it is possible to own a home. Primarily, he advocates that the person who wants to own a home and not spend the next thirty years of their lives as an indentured servent to the bank that they should do as much work as they can themselves. Anyone who is interested or willing to do the work in building or renovating a home, has a low income, wants to maintain a simple life but doesn't know where to start will find this book has useful ideas to get you started. Those who desire to live in the best neighborhoods, are uninterested or unwilling to do the work on their own home, or not likely to accept a simple lifestyle will likely scoff at the notions this book presents.
The main thrust of this book advocates that people choose not to participate in the suburban "keeping up with the Jones's" lifestyle. For some this may be a revolutionary idea. This, of course, is not a new idea but is not one that is commonly embraced by Western civilization. For those that are already outside of the consumerist mainstream this book will probably not cover any new ground. He does provide a sensible arguement against the "death-pledge" (the Old French etymology for "mortgage"). There are a great many people that believe that the only way they can ever own a house is through the 30 year loan route. Mr. Roy makes a case that if one has the desire, discipline and patience that they can own a home without going to the bank to get a loan.
The book provides a general set of strategies that are primarily useful in rural area. The author recommends that one lives a simple lifestyle, builds on land that would not be considered particularly valuable by others, the home is built by the owner using as many salvaged (inexpensive but high quality) materials as possible, and that the builder reduces as many living cost as possible. One example of cost reduction is the use of some sort of temporary structure on the property while the home is being built in order to reduce or eliminate the cost of renting or paying on a mortgage in another home.
The book provides a good overview of methods that have been used to achieve home ownership in rural areas. It does address the idea of the same sort of idea in urban areas by saying that it's not bloody likely. This reviewer tends to agree with that but others may have differing opinions.
Enpowering Book! June 30, 2005
3 out of 3 found this review helpful
As a novice to the idea of mortgage-free home ownership, I found this book very inspiring and enpowering. As one of the other reviewers stated, this is not a book for your typical American consumer. But, if you're ready to step out of that lifestyle towards financial freedom, read this book. It is practical and easy/fun to read. I liked the personal testimonies and the different resources Rob Roy suggests throughout.
For other inspiring ideas, stories, and photos check out "Homework-Handbuilt Shelter" by Lloyd Kahn.
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