Any ideas on what will happen? Will it be like 2008? Is it a good idea or bad to own real estate, even if you have a mortgage on it?
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The problem will be runaway inflation. If you owe $200,000 on your home and we have 1,000% inflation then the bad news is that whatever cash you are holding loses 90% of its value, but the good news is that you can still pay off your mortgage with those cheaper dollars. My advice is to simply keep your money in hard assets like houses, things you collect, gold, etc. and then you will be fine.
This x1000. Best place you can be is owning a shit ton of land and owing a buttload in monopoly money.