Honest question: With inflation continuously rising, would it be smart to take on a little debt now?
With inflation rising, supply chains still being a mess which makes obtaining goods more difficult, and things only getting more expensive, it seems like a sound decision to take on a mortgage or a car payment now as opposed to in the near future when things will only be more difficult to obtain and more expensive. Inflation will outpace any interest on loan. Resale value of some of these big ticket items will only go up.
I'm not saying go out and buy unnecessary things, but I'm genuinely curious what your thoughts are on purchasing big ticket items of need or investment purposes now as opposed to 2 or 5 years from now.
If you have enough savings to hand them the worthless notes when inflation has taken its value then it might be.
If you don't have the money in hand to pay the items off when the money becomes worthless then no.
The only except is a home, but at the prices today I would also avoid that purchase. Homes have sky rocketed on the cost of materials, and on pure speculation. This is unsustainable in an enviroment where income is stagnant. In my opinion we are being taken into a huge crash. It will likely make 2008 look like a blip.