“Unfortunately, you haven’t seen anything yet. Once the dollar crashes, we’re looking at wartime tax rates and the tripling of prices.”
To counter that i’m buying forclosed property to rent and getting out of cash!
I’ve got one in escrow for cash and have bids in on 3 more for cash purchases.
They and their rents will follow the value of the dollar.
“They and their rents will follow the value of the dollar.”
It certainly beats staying in the dollar...but we are WAY overbuilt in housing units (on a national basis). In fact, that is the rut cause of the problem. So, BE CAREFUL.
U.S. Housing Market is a Buy Says Rent Ratios, HAI and Cap Rates
Nationalized housing?
What makes you think the statists will stop at nationalizing our industry, our banks, education? People still think the government isn’t doing enough to help them. Government is in second gear on their way to redistributing the wealth of America. If health care is a guaranteed right? Why not housing?
You move makes as much sense as anything in where to stash money. Just saying that the future is always full of surpises.
In Ohio, property owners are offering two months free rent, as so many people are moving in Mexican style. Being by heritage Mexican, it amuses me. Yes, it’s okay to live with friends and relatives.
And the place we moved out of one year ago has dropped rents by 25 percent. So inflation hasn’t hit real estate in Ohio. You can buy a 2 bedroom house in a good neighborhood for $64,000 (foreclosure, of course). Or rent a 2-bedroom for $499, with one month free and deposit waived.
At some point, the inflation in groceries should lead to general inflation. But with gasoline near record inventories, it might be longer than you think.