>better safety net.
exactly, i dont plan on carrying it to 30 years, but IF I have to I can
The 2008 crash bottomed in 2009
Juan Jones
Isaac Wright
It didn't make a whole lot of sense for me to get a 15 at the current slight rate differences. When I originally got my mortgage I got a 15 because it was significantly cheaper. I was floored when I saw the current difference between 15 and 30, not to mention now I have a fixed rate. My old one was adjustable at 2024.
I still don't know if home ownership was a good call or not though. Insurance is super expensive here in Florida, property tax, etc. It's nice to have a home and I'm 70% paid off (I only took a loan on 40% of the house cost), but only time will tell if the math will work out for me.
Nathaniel Turner
What are you talking about? Even Warren Buffet called the current pump a bull trap.
Nicholas Collins
that's great to hear. yeah I was there telling people to sell as well but I'm old and not racist. I miss old Yas Forums
my understanding is that since this will be a global recession everyone is going to want dollars, so the relative value of the dollar will go up despite fed printing and despite our country being fucked
Christopher Phillips
>florida
oh fuck. well you know what they say, its all location based. look at it this way... you have a home, you dont need to worry about it for a while while this bullshit economic storm is coming ride it out on home ownership it will be better than renting.
now if you start thinking long term, you want to bail out of the entire state, consider that. and when youre ready, sell the house. you can buy acres of land out in BFE USA for what your house probably cost you. You need an exit strategy before the state is under water, like literally.
Jack Peterson
that's bullish af
Noah Evans
Maybe it took 5.5 years for them to print all that cash? This time I think it'll take 5.5 months for the Kingdom of Saud to realize that hanging on to all our worthless dollars isn't in their best interest so they try to dump them on China or Europe, and the dominoes start tumbling.
Eli Sullivan
Camden Harris
>that's great to hear. yeah I was there telling people to sell as well but I'm old and not racist. I miss old Yas Forums
Initially I didn't just take the advice, but it got me to start doing some research on what was going on. I had written corona as just another SARS nothingburger. It got me to look and see china getting fucked. End of Feb I pulled out and decided to sit on the sidelines. I'm one of those Bogleheads too so pretty resistant to pulling out, but I just had an awful gut feeling on this. Not a bad time to be liquid anyways.
My business is here, that's what keeps me. But yeah eventually I'd like to retire in the boonies someplace. I think I'll be here another 20 years or so, so I'm not all that worried about a real estate crash.
Charles Cook
>old and not racist
So stupid then?