Ugh. Don’t shoot me down here, but we’re buying in Florida right now. So these kind of posts scare me. My reasoning is we’re buying a small place, not over-priced and at the appraisal value. It is well under the average price of homes in Florida. Newly remodeled. We are putting half down so we have a reasonable mortgage payment. I wanted our money to be in a tangible asset. Husband is in green energy business (battery storage) so he’s not apt to be laid off. They’ve got a zillion projects going right now and the deep State loves this unicorn company. Also, we want out of NYS. They’re talking detention camps here and we’d be prime targets as we are unvaxxed. We own another small house outright so we can leverage that if we get in trouble. Thoughts?
Well, maybe not. If they start the money printing machine and hyperinflation kicks in, then cash is the last thing you’ll want to be holding. In that case you’ll be able to wallpaper your house with cash.
You need to hold real assets. Many are betting on physical silver to not only hold value, but skyrocket. If it’s not too late, lock in a decent rate in your mortgage and other debt. We’re in for a wild ride.
Like what we are in right now. Don’t buy property right now. Have cash ready for the next downturn.
Ugh. Don’t shoot me down here, but we’re buying in Florida right now. So these kind of posts scare me. My reasoning is we’re buying a small place, not over-priced and at the appraisal value. It is well under the average price of homes in Florida. Newly remodeled. We are putting half down so we have a reasonable mortgage payment. I wanted our money to be in a tangible asset. Husband is in green energy business (battery storage) so he’s not apt to be laid off. They’ve got a zillion projects going right now and the deep State loves this unicorn company. Also, we want out of NYS. They’re talking detention camps here and we’d be prime targets as we are unvaxxed. We own another small house outright so we can leverage that if we get in trouble. Thoughts?
Well, maybe not. If they start the money printing machine and hyperinflation kicks in, then cash is the last thing you’ll want to be holding. In that case you’ll be able to wallpaper your house with cash.
You need to hold real assets. Many are betting on physical silver to not only hold value, but skyrocket. If it’s not too late, lock in a decent rate in your mortgage and other debt. We’re in for a wild ride.