[CurlyDave]

...If you owe on your house and the entire system goes to crap, will they still foreclosed on the house. I think they did in the Great Depression, the note will just be sold to another company. If you still owe on the Mortgage somebody will collect...

Sort of.

If I owe $100k on my house and there is any kind of a SHTF situation there is going to be huge inflation long before anyone can come to collect on that debt. The salary of a mechanic could go to $100k per week.

I shrug and pay the mortgage off.

I would far rather have $1M in debt and a plot of hard assets I bought going into that debt than no debt and no assets when a crunch comes...

[DEPcom]

“If I owe $100k on my house and there is any kind of a SHTF situation there is going to be huge inflation long before anyone can come to collect on that debt. The salary of a mechanic could go to $100k per week.”

That is logical, did not think about the inflation. Your salary goes up but the mortgage is at fix rate.