Posted on 03/31/2021 2:17:48 PM PDT by E. Pluribus Unum
you would only want to pay off variable rates debt/loans. The best strategy would be to buy as much as possible with zero down fixed loans, then use the inflated dollars to pay off all of the items.
Sell a box of cigarettes and pay off your mortgage.
Home costs are skyrocketing like I've not seen since the early 2K's.
Same in Florida as well. VERY low supply of available housing in both states and even older homes will sell with competitive offers in days near the city.
Hyperinflation isn’t happening.
Inflation, yes. Hyper? Not even close. Carter will remain the modern champion of inflation.
1. Simplify your finances Check
2. Eliminate adjustable rate debt Check
3. Increase your self-sufficiency Check
4. Fortify your defenses Check
5. Map out an investment strategy now Check
I got everything ready last Jan when I notice the Covid-19 virus in Jan. I was able to expand my property, the unemployed neighbor finally decided to sell to me.
Only worry I have is a future Robinhood government.
“Drove thru same small town Arizona several times last fall and couldn’t believe the housing boom. The speed that those new houses are slapped together. Never seen anything like it.”
Home costs are skyrocketing like I’ve not seen since the early 2K’s.
______________________________________
I’ve heard these exact sentences over and over for half a century. Back when inflation was in the teens, not the ones.
I purchased 2 50# bags of popcorn...
$23 per bag...
“Invest in precious metals. Lead and brass, and be sure it is of the right caliber for your home defense.”
In a worst-case scenario that makes a lot more sense than gold and silver. You might (or might not) take my last loaf of bread with a gun, but I sure ain’t trading it for a sack of gold coins.
“Same in Florida as well. VERY low supply of available housing in both states and even older homes will sell with competitive offers in days near the city.”
According to a local (Phx) real estate newsletter, at this time of year there’d typically be about 28,000 homes for sale in the metro area; there are currently 4,000. They also said that at the current (monthly) rate of increase, home prices will be up by 30% in the first 6 months of this year.
How do you buy a loaf of bread in Mad Max town with a 10 ounce gold bar?
I don’t remember who said it, but it was one of the experts on prepping that is a native and survivor of the turmoil in Bosnia.
He was asked if he had any gold when the country collapsed.
His reply was that he had gold but he traded it for bullets.
An eye opener if ever there was one.
Bingo!
Bttt
“I wonder if disco will make a comeback.”
Oh yeah.... come and get ya some.
https://www.youtube.com/watch?v=97RjuC9YeXg
Not sure who is buying in your neck of the woods but here it is silicon valley types who sell there and pay cash for anything here. And now that they work remotely they bring in their money, and disgusting liberal politics, with them driving up the costs of everything. Houses that were $100k a few years ago are going for $300-$400 sight unseen. Our local job market can’t sustain the locals so people are hurting.
Toilet paper! Ha, ha, ha! ;)
So you think they're done spending?
Try paying attention.
Buy what you need now.
Take an inventory and see what you need that looks to need replacement in the next few years.
How are you clothes? Linens? Furniture? Tools? Appliances? Gardening and canning supplies? Self defense supplies?
Learn to can. Learn to sew and mend. Learn to fix electrical and plumbing problems.
That sounds like bad advice. A fixed rate mortgage would be very valuable in an inflationary environment. Pay off the loan with ever-cheapening dollars.
Cash is bad because it decreases in value. Material assets are good because they decrease in value slower than cash. Best to buy those tires today instead of next week when they'll be more expensive.
And yeah, I lived through the Carter years.
Californians jumping ship. Housing my family and extended family. I get two to three calls per week trying to buy my bigger home. They started offering around 290k. We counter with 500k just to mess with them. They would say no thanks and hang up. Lately they don’t bat an eye at 500k. We are going to 750k. See how long that runs them off.
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