If I owed money on anything I own it would scare the crap out of me.
The conditions today make me get everything into hard goods and out of cash(in the bank) and only hold enough green cash to hold me for 6 months.
If we go into full blown depression I will still have an income and the only expenses being property taxes and maintainance, rents will still provide a net income.
Ditto myself.
Whatcha gonna do when the Marxists place an “imputed value” tax on every property you own if you can’t rent them? If you have a 4 bedroom house, they’ll tax you on the assumption that you rented to a family of 5 even if/when you didn’t or couldn’t.
Assuming you CAN find someone that can still afford to rent them during a depression, you’ll probably be facing a landlord’s nightmare x ten, since the renters will probably be less than desirable tennants and might make the residence uninhabitable (it’s been done a lot).
And then of course, there’s always that ole USSC ruling that your property can be taken over by anyone for commercial use that can show it’s to the betterment of the community to do so. Under Zero, that means pretty much anyone’s property can be .....apprehended.
Bottom line, don’t be so cock-sure that you won’t be negatively affected. Murphy’s Law states that you will be, especially since you said or thought otherwise.