posted ago by Erlik_Khan
+9 / -0
I was just thinking. If I buy a $100k plot of land now, by the end of the next 4 years, inflation will be so high the mortgage will basically be voided being the same $ amount as a loaf of bread. But at least I'd own the land... assuming they don't seize it.
I have been having these EXACT same thoughts.
until the gestapo come to your door and tell you it's their land now
Buy property in large cities is OK because you can rent it out instantly and the rent will cover your tax and mortgage.
Buying land you have to keep paying tax which is probably not a good idea, unless you plan to build something on it.
They’re are saying in a few years, nobody will own property. It will be governments and you rent from them. Let that sink in!!!!
Buy arable land. They will shut off the food supply as a control measure
Pretty sure they could adjust your loan up to compensate for that. Besides if you have to buy a loaf of bread or pay your mortgage what would you choose? The problem is what happens when there are mass defaults, will the bank let you stay in your home? Will the people willing leave their homes? Where would they all go? Most importantly what will they eat?
Buy land, start a homestead, protect it with your life. Good luck.
"The land is the only thing in the world worth working for, worth fighting for, worth dying for, because it's the only thing that lasts." - Gerald O'Hara, Gone With The Wind.