Oliver Russell, 24, and his girlfriend Helena Tomaszewska made an unconventional yet bold decision—they purchased their own private island in Finland, a dream many can only fantasize about. Surprisingly, the cost of the island was lower than a typical house down payment.1
How It All Began
Originally from Laguna Beach, California, Oliver was drawn to Finland’s serene summer cottage life. After moving to Helsinki for his studies, he met Helena, and together they embarked on a journey that led them to their own island.2
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The Island That Was Cheaper Than a House
Struggling to find affordable housing in a soaring market, Oliver discovered a 2.5-acre island listed for a mere $36,569. After negotiations, they secured the island for $31,000, a fraction of the cost of a home in Finland.3 Despite its decade-long vacancy, the couple saw potential and embraced the challenge.
Challenges of Off-Grid Living
Upon arrival, they faced an overgrown island devoid of infrastructure. Clearing the land and constructing from scratch, they set up a basic living space and amenities using resources from the island.3
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Building the Dream
The couple plans to build a log cabin with a mandated sauna, embracing Finnish traditions. Despite balancing school and construction, they find solace and excitement in their island home.3
A Glimpse Into Island Life
Weekends on the island offer respite from their busy lives, with only nature’s sounds and tranquility around them. Oliver expressed their joy, saying, “It is so quiet, and because it is an island, nobody can stumble across it.”
A Unique Path to Homeownership
By opting for an island over a traditional home, Oliver and Helena uncovered an affordable response to the housing crisis. Their unconventional choice showcases the potential of thinking outside the box in a market with soaring prices.
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Sources
- “Couple bought uninhabited island to live on because it was cheaper than a house deposit.” Lad Bible. Anish Vij. September 16, 2024.
- “California man buys small island in Finland because it was cheaper than deposit on house.” Upworthy. Jacalyn Wetzel. September 17, 2024.
- “Couple Buys Uninhabited Island Because It’s Cheaper Than Purchasing a House.” My Modern met. Regina Sienra. September 20, 2024.
