My daughter was entering the freshman class at UCSD in 1992 and the plan was for me to move out of our condo where we had lived for 18 years and in with my girlfriend. Renting out the condo would bring in $1000. a month and let me pay for a good share of my daughter’s college expenses. After about a year when the relationship didn’t work out, I decided that rather than rent an apartment which would cost me what I needed to pay my daughter’s expenses, I would go homeless instead.
It wasn’t that I was desperate; I could have rented an apartment. I just decided I’d rather collect rent than pay it, and not only would I be saving $1000. a month in rent, I wouldn’t have a cable bill, an internet bill or an SDG&E bill either. Such a prospect appealed to the Scotsman in me. [Read more…]