So you want to build a house…

1 Jun

As you know, my family is building our own house out of shipping containers (ISBU’s), if the idiots in Jackson  will just get the hell out of the way.  But, you probably already know that, right?

It’s a long hard fight, because we’re not building a “traditional house out of straw, or sticks, or even bricks…”

And it seems that the “Big Bad Wolf” (aka: the local authorities and the knuckleheads at the State Capital) are trying to “huff and puff and blow our house down” faster than we can get it built up.

Will that finally stop us? No. We’ll just get a bigger can of “Wolf Repellent” and administer doses liberally, until we accomplish our goals. Now “Wolf repellent” comes in several different varieties, but so far, the one that seems to be the most effective is the “strutting all the facts out in public and then using them as a hammer” brand. Liberal sprinklings of “veiled threats to use the media and your voting record” seem to help as well, as supplements. So, the fight continues.

The sad thing is that the path we’ve chosen (albeit different from most) still puts a family in an affordable, durable house, that is sustainable and efficient. And for the life of me, I can’t get the powers that be, to recognize that fact.

It’s frustrating to the point of “tears and medication” at times, but if we’re going to help other families like ours get back into homes, we have to prove it can be done, in spite of what sometimes seems like overwhelming odds. So, we get up each morning, say our prayers, and look to the new day, to see what develops.

And, that brings me to the topic today.

Once you’ve determined that you’re going to build your own home, how do you actually do it?

Now, I’m not talking about putting “stick (A) into slot (B)” and then repeating that until you have a house. I’m talking about how you actually afford to have people in your employ, to assist you in building your dream home.

As the economy crumbles, and as more and more people end up on the unemployment line, I’m curious as to whether some of the assistance money programmed into the “stimulus package” can actually help you build that house.

Sure, most of the money is aimed at Big Business. But, some of it will manage to trickle down to us “little guys” at the bottom of the feed chain. And it might even do it in the form of Tax Incentives and Tax Credits, if we do it right.

This stream of thought started when I picked up a copy of the American Recovery and Investment Act of 2009. It expands tax credits for hiring new workers. You know, guys and gals from groups like the disabled, people on public assistance, and even (gasp!) veterans.

I know what you’re thinking. It’s a pretty narrow stream, huh? But despite what you’ve heard, Jews can swim… We can even walk on water… Well, some of us can. 🙂

Okay, okay… Here’s the gist of my rant today; Those tax credits are only for businesses, right? Well, what if, while acting as your own General Contractor, you actually established a business that employed your help? There’s a really thin line painted here, that looks like it might enable “the common man” to basically start a company that just supplied “independent contractor” labor to be supervised by licensed tradesmen, and in doing so, be entitled to this tax credit.

Now, you want your guys and gals to be independent contractors, for several reasons. First, independent contractors aren’t subject to payroll taxes. Second, you don’t have to include (or even establish for that matter) fringe benefit programs like health insurance or retirement plans.

Can you see where I’m going with this?

Here’s the guts of it;

The Work Opportunity Tax Credit (WOTC) will actually benefit “labor employers” that hire people from 9 targeted “groups,” with a tax credit equal to 40% of qualified first-year wages. This includes different amounts for qualified vets or teen summer hires. The only real hitch seems to be that they must work at least 120 hours for the wages to qualify.

I’m curious as to whether or not you can find a way to make this work for  you, as a homebuilder.  I’m going to investigate this further, and see if I can find a way to put some of those “Stimulus Dollars” in your pocket.

And I’m going to take a hard look at other ways to become eligible for those Stimulus dollars, as we build our Corten Castle. After all, if Wall Street and the car companies can benefit from federal handouts, I’m pretty sure that as a taxpayer, I should be entitled too. It’s my kids (and yours) who will be paying off this monumental debt.

Stay tuned.

Advertisements

One Response to “So you want to build a house…”

  1. Davis June 1, 2009 at 10:16 am #

    good luck with the wolf repellant. don’t think it’ll keep government away

Comments are closed.