Yeah right now if I sold my house I'd just be moving to another overly-inflated property.
And I'd have to buy a different house because renting comes with all sorts of additional restrictions from landlords like what pets you have, not liking how you have so many firearms, etc...
As an investment, real estate has gone south since 2008 and it's like running in a minefield blindfolded, unless you got Trump-like level of expertise in the field. I'm def not a financial advisor, but I'd buy a house only to get out of rent, and at least have a ceiling over my head when the estate bubble pops again, bc it will, either with Xiden or during the storm.
To be clear, I wasn't looking to invest or make money. I just wanted to buy a home to live in; using a system I know is going to crash, so that I in some shape or form come out on the other side not owing anything. To be completely frank and honest ?
That’s a good question and maybe others can give better insight. The thing I’m most hopeful for and it’s been discussed frequently is the probable dissolution of the FED and IRS. To not have to worry about income taxes anymore will be one of the most freeing and glorious things imaginable. The phrase “There’s only two things you can be sure of , death and taxes”, will no longer be valid. ?
Money is basically free at the moment with interest rates being extremely low.
That said everyone is basically waiting for the crash...
As long as your mortgage doesn't make you house poor, its probably ok, but try to get to that 25% equity for ownership point as soon as possible, otherwise they're liable to just take it back from you if the situation gets bad enough.
I can’t see the tax system get any closer to the seigneurial or feudal system, but I’m guessing dems will claim they are “taxing the corpos” while stealing even more from your great grandchildren
The main problem with the current system of lending is the Fractional Reserve Lending. Its not in the idea of loaning from a central source (bank).
Of course on top of that is all sorts of evilness, including (but not limited to) banks that want to steal your property, extra added costs, immoral interest rate practices and penalties, and perhaps worst of all, Property Taxes, which means even if you pay it all off, you don't really own your home at all, but lease it at the pleasure of the government.
There will almost certainly be a system in place for loans. I don't know what that system will be, but there will likely be something. It could be run by the government (a society defined central source) or perhaps the free market will offer solutions.
Given that a mortgage is just numbers on a computer screen, created from nothing by a bank or other "authorised" institution. The process grants you credit against future earnings but ties you up in a huge additional burden with interest etc.
and they call it a loan, when the money did not exist until you sign a contract.
I'm not sure what is in the future but this form of usury will not be allowed.
Interest free money can be issued by the Treasury under the forecasts that I read about.
Given the huge amount of money that's been printed in a year, along with all the financial mockery happening on wall street, chances are another recession/depression is happening.
This isnt financial advice but personally I'm waiting for the next housing bubble to pop before I buy anything.
Housing prices right now are in a bubble and inflated state. Buying a home now is risky.
Yeah right now if I sold my house I'd just be moving to another overly-inflated property.
And I'd have to buy a different house because renting comes with all sorts of additional restrictions from landlords like what pets you have, not liking how you have so many firearms, etc...
As an investment, real estate has gone south since 2008 and it's like running in a minefield blindfolded, unless you got Trump-like level of expertise in the field. I'm def not a financial advisor, but I'd buy a house only to get out of rent, and at least have a ceiling over my head when the estate bubble pops again, bc it will, either with Xiden or during the storm.
To be clear, I wasn't looking to invest or make money. I just wanted to buy a home to live in; using a system I know is going to crash, so that I in some shape or form come out on the other side not owing anything. To be completely frank and honest ?
That’s a good question and maybe others can give better insight. The thing I’m most hopeful for and it’s been discussed frequently is the probable dissolution of the FED and IRS. To not have to worry about income taxes anymore will be one of the most freeing and glorious things imaginable. The phrase “There’s only two things you can be sure of , death and taxes”, will no longer be valid. ?
Interest free loans and no taxation on income alone would make a massive difference.
Today's financial system is a Rothschild system of eternal debt.
but orange man bad...
Cant get over people who never understood this shit.
This is an interesting question...
Money is basically free at the moment with interest rates being extremely low.
That said everyone is basically waiting for the crash...
As long as your mortgage doesn't make you house poor, its probably ok, but try to get to that 25% equity for ownership point as soon as possible, otherwise they're liable to just take it back from you if the situation gets bad enough.
Thanks for the insightful thoughts fren!
I keep wondering about that too. Will that mean that we all own what we have, if world is starting from scratch?
I can’t see the tax system get any closer to the seigneurial or feudal system, but I’m guessing dems will claim they are “taxing the corpos” while stealing even more from your great grandchildren
I’m gonna buy an RV so when the shit hits the fan, I can hide off the grid
The main problem with the current system of lending is the Fractional Reserve Lending. Its not in the idea of loaning from a central source (bank).
Of course on top of that is all sorts of evilness, including (but not limited to) banks that want to steal your property, extra added costs, immoral interest rate practices and penalties, and perhaps worst of all, Property Taxes, which means even if you pay it all off, you don't really own your home at all, but lease it at the pleasure of the government.
There will almost certainly be a system in place for loans. I don't know what that system will be, but there will likely be something. It could be run by the government (a society defined central source) or perhaps the free market will offer solutions.
Given that a mortgage is just numbers on a computer screen, created from nothing by a bank or other "authorised" institution. The process grants you credit against future earnings but ties you up in a huge additional burden with interest etc.
and they call it a loan, when the money did not exist until you sign a contract.
I'm not sure what is in the future but this form of usury will not be allowed.
Interest free money can be issued by the Treasury under the forecasts that I read about.
I don't know much about Nesara or Gesara. I used my stimulus money and tax refund to get myself out of debt.
I guess my hope is that they do away with the income tax, I would be happy to be given back what I've paid in, but I'm going to gamble on anything.
I will probably buy the house I'm living in since my landlady wants to sell it to me.
Given the huge amount of money that's been printed in a year, along with all the financial mockery happening on wall street, chances are another recession/depression is happening.
This isnt financial advice but personally I'm waiting for the next housing bubble to pop before I buy anything.
Be ready to buy the dip this time. I've already got stop-limits set, part of the 401k sitting as cash, and a growing stockpile of metals.
It is absolutely a good idea. Roll those dice.
All signs point to LAND (house not condo) value going to the moon.
If somehow the economy "crashes" you still have your home, but all signs point to inflation.
So if you buy with a home loan, you count the appreciation AND the inflation savings as profit.
I first became aware of it five years ago, had I gone a spent what I didn't have hoping for debt forgiveness I'd be homeless and broke already.
No one knows when. Trying to game the system will result in tears I'm pretty certain.