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To: Psalm 73

Personally I think before any hyper inflation takes place we will have Deflation....

I can only speak about what’s happening in Northern Florida, but real estate is booming, especially high end real estate, 500k to over 1 million dollar properties are selling fast....

A large percentage of people right now owning homes have never experienced high inflation and soaring interest rates with an overall collapse of the economy....

Think back to Jimmy Carter and the 1st two years of Reagan.....We nearly had double digit unemployment and interest rates...

My first mortgage was 11.15% and was lucky to get that, a 30-year loan now are under 4%....

The Real Estate market would plummet if mortgage rates went back over 10% which could easily happen...

What would happen to the overall economy if that happened ??

Not to mention the auto industry, no more interest free auto loans...

IMO, cash will be king when this happens, my strategy is hard assets, land will be my area to look at, especially in Florida as people continue fleeing Communist States..

Especially rural land as cities continue to fail...


55 posted on 03/10/2021 5:06:35 AM PST by srmanuel
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To: srmanuel
Good points - but I think the bottom line, as other Freepers have noted, is preparing for the worst in a concrete way is wise.

Dump debt. Store survival supplies (of all kinds). Always work towards improving your position.

66 posted on 03/10/2021 5:21:57 AM PST by Psalm 73 ("You'll never hear surf music again" - J. Hendrix)
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