A man earning $56,000 (£42,370) a year has taken on almost $40,000 (£30,340) in credit card balances to fund an off-grid homestead, betting that eliminating his $1,430 (£1,082) monthly rent will eventually save him tens of thousands of dollars.
He said he recently bought land and is paying for work needed to make the property habitable. Rather than paying for everything upfront, he applied for six credit cards and secured several promotional offers, including 0% APR periods that he says last 21 months.
