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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There are a lot of ways this can play out. If the currency collapses, then they’ll be printing wheelbarrows if money. Paying off your mortgage and property should be relatively easy if you have a locked in interest rate. This is how things would play out in theory in a non corrupt system.
But don’t expect a silver lining or a free housing extravaganza. Keep in mind, we live in clown world and they will do everything in their power to bankrupt you and force you from your physical property. Expect the printed money to flow to the Democrat powerplayers and base. The average joe will have their interest rates jacked up and their mortgage quadrupled while they’re losing their jobs. It will be a half year of chaos as they foreclose on everything. If you don’t own your property outright then you need to have some precious metals that hold value relative to the collapsing dollar to trade for cash to get you through that time phase.