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RE: Debt, negative rates, a lost generation, housing crisis.
The bubble has been growing larger since the TARP bailouts of 08/09 when they should have let the banks fail and move to a hard money system. They can only go negative rates and continue to QE until it becomes so grossly unsustainable it collapses in spectacular fashion.
We don't know when this financialised market will finally break but I'm thinking now that babyboomers are retiring and the US will have a smaller population of workers/suckers to feed the debt it will be the shift that breaks this whole thing apart
Take at look, research the stats to world wide population, it has decreased, it is a worrying trend, but heY I do not own the narrative
I am oh so glad I bought this rental property back in the day, it may have not been where I had always wanted to be but shit happens. My intent was always to be able to leave a place paid for to my kids and that objective will be met next year. They've both know the hard knocks of giving out the vast majority of their money to pay rents and my consistent reminder to never mortgage a place for any reason, there shouldn't be any excuse you can't save up for whatever may be needed to be done while living rent/mortgage free. Now if shit does hit the fan we could all live here comfortably and survive it, what that it may finally end up being. If that it doesn't come into play for two, three more years I might even be able to get them settled into better school districts while using this one for income.
Sounds like a very long term and sensible approach, I hope it works out, the markets though are on red alert, when banks hit negative rate, which they have, by doing so they have defaulted, and are no longer fit for purpose, as Fiat always reverts back to it's base value = IE nil!.