What I and probably you SHOULD HAVE DONE is to borrow to the limit ten years ago and buy gold and silver. This is easily seen in hindsight. Looking forward there is no reason to believe that inflation will do anything other than worsen, this means that paying off a mortgage now is to give up money which still has some value now to avoid paying the same amount in worthless dollars later. Doesn’t sound so good, does it? The only way to hang onto real estate WTSHTF is to own the proper tools, the proper tools are made by companies such as Remington, Smith and Wesson, Glock, KelTec, Hornady, Ruger etc. buy tools and food and try to insure that you have a safe water supply, the first requirement of survival is good water. It is much easier to store a year’s supply of food than a year’s supply of water.
“It is much easier to store a year’s supply of food than a year’s supply of water.”
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Fortunately I have a large swimming pool which even when the level is lowered in the Winter contains upwards of 40K gallons. I am told by those in the know here on FR, that I can easily render this chlorinated/conatiminated water potable with a number of easily obtained filtration systems. Agree?
Yes, I am coming around to the inflationary argument of paying the mortgage LATER with (grossly) devalued dollars. Inflation appears to be inevitable, though some tout a deflationary scenario.