We live here now.

We’ve been watching the series 100 Mile Challenge on the Food Network and of course, we’ve always tried to eat as much local food as we can.  Remember how we decided to take on a raw food diet a couple of years ago?  (Of course, we were assisted by the fact that our oven was essentially a carpenter’s bench in the middle of the floor at the time)

Well, we’ve been contemplating an all-PEI diet this time as the island is small enough to basically consider that our 100 mile radius.  (Technically, we could even include some areas of other provinces, but the PEI border is much simpler to use.)

So far, we’ve simply started making a list of what we think we’ll have to do without to see whether there are any real snags or non-starters, and of course debating whether PEI roasted coffee counts.  (What do you think?)

Our concerns right now:

• yeast – we make our own bread and can buy local flour at the Spring Street Farmer’s Market, but I don’t know whether we can get local yeast
• rice – we do eat a lot of rice because it’s convenient, but we can always cut it out
• bananas – I’ve heard the kind of bananas we have access to are little more than nature’s junk food anyway, but we do like them for a quick hit of something
• tea (for me, green tea) – I don’t like herbal teas at all, so unfortunately I don’t think any of the crazy alternative melanges will cut it for me.  It will probably have to be just hot water and lemon for me.  “Lemon?” you ask?
• lemon – apparently it’s super easy to grow lemon trees indoors in Canada.  This will happen.  (I’ll just buy the tree before we start any challenge!)
• sugar – I don’t like honey, so this will be interesting
• salt – I’m not a big salt person anyway, and I’m not sure whether Summerside harbour is the best source water for home desalinization.

So, this is very preliminarily stage 1 of the pre-PEI diet challenge.  I spent some time this afternoon reading about the nutritional benefits of potatos, and that will become its own post later.

Right now, though, Joe wants to play pool, where locally-brewed beer is served, so we’re already in compliance!  Well, technically, we’d need to find out whether all their ingredients, especially yeast, are from the island.

This leads us to one of the discussions we’re having – is it good enough to include local products like the coffee and the beer because at least we’re supporting local enterprise?  Or, is that hypocritical because we won’t be supporting the local Chinese restaurants and coffee shops, for example?

We have some details to hash out, and probably will try to read the 100-Mile Diet book for some suggestions.

It’s been a little busy for blogging with the new digs, but I just thought I’d write a quick note to say that things are great. We’re loving the house and the city.

We’ll update more soon!

No, we’re not in Summerside yet, but we consider it a mini-victory to have left Dauphin at all after the massive snow storm that canceled our flight out of town.

Mere hours after I wrote the “we’re outta here” post, the snow and wind were just too much for the little prop plane we take to Winnipeg.  So, a last minute phone call and our journey ended as it began – at the Dauphin Super 8!  I suppose there’s a nice symmetry in that, so I’ll forgive the forces that seemed to be working against our departure.

Fast forward 12 hours, and we find ourselves on the phone with Perimeter airport, wondering whether the morning flight has also been canceled. They say they don’t know yet, and will make the decision once the plane gets to Brandon as to whether it can make it the rest of the way.  So to be safe, we head to the airport and wait, not knowing whether the plane will arrive.

Fortunately, the weather is good enough to risk it, so we do, and shortly we’re in Winnipeg!  You can see a short annotated photo collection of moving day(s) here:  http://picasaweb.google.com/sarahrainsberger/Moving#

We’ll be disconnecting the internet in a few minutes (the furniture is long gone, so I’m sitting on the floor while Joe naps with cats on a towel) so this will be the last post from Dauphin!

In 90 minutes, we’ll catch the little commuter plane to Winnipeg and spend a couple of nights there before we fly to Boston Thursday morning.

Just thought I’d say goodbye!  (I’ll post pictures of the empty house and our last few hours when we’re settled in Winnipeg.)

The Summerside PEI home (more about the house itself later) will be house #10 for us.  Even though we’ll go back down to only owning 9 when we sell the one we currently live in, 10 is a nice little milestone for us.

When we envisioned the Dauphin experiment 5 years ago, we didn’t expect our money would come from real estate.  We just thought that the best way to reduce our living expenses was to own the cheapest house we could find.  Of course, that didn’t mean buy the $24,000 house with the sagging foundation – that ain’t cheap!  It turned out to be a $35,000 structurally sound 625 square foot house being sold by the bank as a foreclosure property.

We purchased that home a good 3 years before we were able to disentangle ourselves from Toronto. (Sidebar: last time it took 3 years to free ourselves up from our lifestyle, finances, commitments etc.  This time, it took about 6 weeks.  Life simplification, FTW!)  For the last 2 of those years, we rented out the house.  It didn’t always go super smoothly, but there was never a shortage of tennants.  So, about a year before moving, we purchased a second home that we believe was quite undervalued.  It, too, was instantly rented and has never been vacant a full month since we’ve owned it.

This demand for rental property combined with sub-$40K houses = great big win.  It was the rental income from these properties that allowed us to retire, even though we’re not rich.  We have no mortgages and a lifestyle that is completely subsidized.  We watch the news about the tanking economy, and know that it doesn’t affect us (until we can’t get the products or services we need).  We have it pretty darn good.  Garth Turner would be proud. So, why move, and especially, why now?

Sometimes I worry we’re being irresponsible, or that this move somehow goes counter to the philosophy that got us where we are today.  The new house costs *over $100,000* not to mention the work we’ll need to do with it and the costs of moving.  (People still laugh, but it’s over 3 times what we paid for the current house, and still causes a few heart palpitations!) When you pride yourself on your achievements in downsizing and minimizing, there’s a certain guilt that comes with moving back up the property ladder.

I think we were proud that we got by with the minimum requirements, moved to the middle of nowhere, lived in essentially a 3 room house (Joe’s office, bathroom, rest of house) and sacrificed the ability to “go out” anywhere, really.  (There was no where to go out.) It was sufficient, and it allowed us both to retire well before our 35th birthdays. We also created this blog about the process, so pushing the envelope with respect to our home life has become a part of our identity.

But, just like the $24K house with the unstable foundation isn’t really cheaper than the structurally-sound $35K house, the house in Dauphin costs us a LOT in travel time, money and energy that should be greatly reduced after the move.  The tiny commuter airline to and from Winnipeg only runs twice a day on weekdays (makes it difficult to arrive at a client site on Sunday or return home from a work week on Friday) and the train only runs 2 – 3 times per week.  Consequently, we end up spending more weekends in Winnipeg than anyone should have to, and we also end up bundling our travel together so that we minimize the Dauphin-Winnipeg legs taken.  This means leaving the cats alone for long stretches of time (don’t worry, friends check in daily on them!) and most recently left us the victims of a home robbery.  (We narrowed down the time frame, and the burglars came during the weekend we were stuck in Winnipeg waiting for us to get home, not while we were away on the trip itself!)

Without meaning to slag Dauphin, there’s another hidden cost we’ve incurred – people just didn’t want to come visit us.  All of the sudden, we tell people we’re moving to PEI and now *everyone* wants to come!  And, we’ve allowed ourselves to purchase a home with room for them to do so.  What’s the point of moving somewhere “different” (I wanted to say “exotic” but somehow it didn’t seem quite appropriate for Dauphin) if you can’t share it with people and use it to inspire them?  For the first year or so, I was really excited about Dauphin because of what it offered us.  But, we were always met with, “I could never move there,” or “You’re so brave/disciplined/resolved,” which I know was meant to be a compliment but just further emphasized that our choice wasn’t somehow “desirable” and that we needed to be commended for surviving/sticking it out.  And especially since finding willing house sitters is integral to our travel strategy, living in a desirable location goes a long way to allowing us to travel for extended periods of time.

So, we’ve decided that this move doesn’t run counter to our initial ideals.  Rather, we’re simply opting for the next version of the $35K house strategy.  The potential closure of the bowling alley in the next few years, the increased time and expense traveling, the unwillingness of friends and family to come visit (and no where for them to stay in the house, even if they did) is simply too shaky of a foundation on which to continue.  It’s a completely responsible choice to purchase the more expensive house (that is well within our cash budget to avoid a mortgage) in order to avoid dealing with these “structural” issues.

I’ll sure miss my cork floors, though!

Not to say that we didn’t research the move to Summerside fully before taking the plunge, but now that we’ve decided to go for it, here’s just some of what else we’ve learned about our new town that makes us super excited to move:

• Island Fair Trade Coffee Co. – On the off chance we can’t find our Kicking Horse “Grizzly Claw” or “Pacific Pipeline” locally, at least there’s gourmet fair trade coffee roasted right on PEI!
• Bunny Trails Pet Ranch – An exotic pet farm, ranch, breeder, store… I guess we’ll just have to see it to know what it is.  Maybe they can help us fulfill our dream of a backyard of bunnies safe from predators and the winters.  Check out the Rabbit Page to see some of the breeds with upcoming litters.  Never seen a Lionhead Rabbit?  They’re adorable!  Grrr… so tough…. not!

• 102.1 SpudFM – “Everything Classic” (with Saturday a.m. 80s) and online streaming!  We’ve already been listening for a couple of weeks, and dreaming of that -5C weather!
• Spring Street Times Farmer’s Market – They don’t have their own website, but Amber Phillips of Rayner Creek Photography publishes their newsletter.  This market looks absolutely awesome and we can’t wait to walk down there every Saturday morning.  (Amber tells me there’s already a line by 9am for the fresh veggies.  We’ll sharpen our elbows!)
• Dooly’s - OK, I think the decision was solidified for Joe when we learned there’s a billiard hall within stumbling distance of the house.  After 500 hours of pool, you earn a “500 Club” jacket.  So, shall we start the pool going as to how long it takes Joe to get one?

• Credit Union Place (click on “Things To Do”) – Of course, the all-important bowling alley.  But it’s also a full sports and entertainment complex with a swimming pool, hockey rink and concert venue.  Also walking distance from the house.
• Cows Ice Cream – A former student exclaimed, “Oh, I’m so jealous you’re going to be near cows!”  Now, given that this is actually a vet student (and she didn’t capitalize! ) I actually thought she meant moo moo cows.  Apparently, though, Cows is a PEI company making natural ice cream.  Who can argue with that?

So, the obvious question is, when are you coming to visit?!

After about 21 months, we have decided to enter the next chapter of our lives by ending the Dauphin experiment. We have purchased a house in lovely Summerside, PEI, Canada, and plan to move there next month. From today, we live only three more weeks in Dauphin, and of that, we spend a week on the road.

I declare the Dauphin experiment a rousing success! We lowered our basic cost of living to around $20k/year, which greatly increased the utility of every dollar we earned while we lived here. We bought our first house and paid only $35k for it. We hope to sell at a $5-10k profit once you include renovation expenses. On July 1, 2007, Sarah retired, and I followed on April 1, 2008. Since then, our rental properties have generated more net after-tax income than our basic cost of living. We made our first foray into business ownership with the Academy of Learning, and while that failed, we learned, although this time perhaps not cheap than an MBA. I bowled in a league for the first time since 1996 or 1997, I can’t remember which, and while I will finish the season with an average right around 200, I’m told that Parkway Lanes in Dauphin is a tough house and that I can expect that average to rise when I bowl elsewhere. I’ll believe it when I see it. We lived through a home renovation, we survived our first break-in, we bought our first steam shower and flat-screen TV… it all worked well.

So why move?

We had three reasons to move to Dauphin: low cost of living, bowling, houses under $50k. We had to sacrifice a few things to achieve our goal of early retirement: Dauphin has no book shop, coffee shop, movie theater, pool hall, Staples or public transportation (although the taxis come close). To travel for work or pleasure we have to either spend four hours on a Greyhound bus, or $800 round trip on flights and extra nights in the hotel. We happily sacrificed those things for what we got, but we made a few assumptions: first, that we’d travel only 2-4 weeks per year because of the low cost of living and the emergence of passive income streams; second, that I’d bowl in leagues here and eventually return to provincial competition; third, that we’d be happy with a small house. Of these, the first two have fallen away. Since we retired, we’ve traveled 50% of the time, not 5%, so living 400 km from Winnipeg airport has created a number of problems. I have learned that Parkway Lanes might close in the coming few years, which, combined with my not driving, would mean I couldn’t bowl. That meant we needed to look for somewhere to live with a similar cost of living and a stable bowling culture.

Enter Summerside, Prince Edward Island.

Yes, it surprised me, too. Sarah worked her research magic and within what seemed like minutes, we were working with a real estate agent. In early February our plan was to visit Charlottetown and Summerside in the spring, perhaps buy a house, then move in late summer. Instead, Sarah found a 1500-square-foot house less than 1 km from a bowling house, pubs, markets, a pool hall and less than 100 m from water. It sounded great, so we bought it. We then realized we could move in as soon as mid-April, which meant leaving here March 25 and not looking back. It has happened that quickly.

When we sell our house in Dauphin and one other property that isn’t generating any revenue for us, that will give us about 80% of the price of the new house in Summerside. We still won’t need a mortgage, although we’ll borrow on lines of credit for a few months. We will still have $30-35k/year in gross passive revenue of which 10% will go to a property manager and the rest will let us continue to retire. In a year we will recuperate our cash position, even including moving expenses and immediate repairs on the new house. We will retain our financial freedom while drastically improving our quality of life.

So, in about five weeks, we live there now.

A good, concise article on why anarchists hate the state (which also attempts to explain what an anarchist and why they (we?) aren’t scary) led me to Harry Browne’s New Year’s Resolutions for 1999.  I normally don’t make resolutions, but these seem pretty good to me.

Joe and I saw a “Senior Financial Advisor” (or some related position) from TD Bank discussing the latest interest cuts on CBC Newsworld.  His explanation for why interest rate cuts stimulate the economy: at practically 0% interest, you might as well just spend your money instead of save it.

Wonder whether he got his degree from this guy.

I just saw this “Take Out Menu Organizer” from Thinkgeek.

I wonder whether the people who make this even realize that a place like Dauphin exists.  *sigh*

(Our take out menu organizer, by the way, is the magnet that holds the most recent Pizza Hut flyer on the fridge.)

And you wonder why we drink so many smoothies.