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by adenozine
1263 days ago
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Realistically, if it’s as bad as they say, it could be wise to become a little bit liquid right now to reinforce your buying power during the apparently inevitable massive dip that’s coming. Personally, I don’t see it getting nearly as bad as 2008, but I could be wrong. I think some big corps will eat shit, there will be some layoffs, yada yada same old shit. There’s not going to be thousands of people suddenly homeless and destitute like before. |
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That seems about a year too late on the nose, though I get your point.
One staggering stat for me is that ~40% of owner-occupied homes have no mortgage. Sure property tax and insurance (not required on a fully owned house) but that seems minimal especially if you were able to pay off the home, outside of very high areas or appreciation.