Buy a house you don't mind living in for a long time. Load up on debt with 2.50% interest on the home. As inflation grows at 4-5% because we print money for all this spending, pay off your mortgage with newly inflated dollars.
Biggest mortgage & lowest rate I can get on the newest house away from people, max unsecured credit turned into cash/goods/toys to sell later and buckle down to ride it out.
Be all kinds of mortgage and rent relief next while landlords and banks hold the paper sack of shit (debt)
Stagflation is a big scare, how do you defend against it other than debt and assets? (Assuming you have a job that is incredibly secure no matter what)
Wages wouldn't have to increase proportionally with inflation, they just couldn't decrease. You still would buy a house with a payment you could afford, you would just put less money down and pay it as slowly as possible
All things considered equal, you would expect to see the house go up in price proportionately with the inflation rate. The added equity is a phantom that does nothing for you except require you to pay higher property taxes.
I concede that it technically allows you to borrow more against the increased equity, but that's a not a lifestyle decision I would go for. This will have you paying more loan interest on money borrowed from increased equity caused by inflation itself. You're effectively gambling on equity building always exceeding inflation rate, which fucked a lot of people in the housing market collapse a while back. People took out home equity loans, then they were stuck paying higher loan principles than the value of the house. Fun times.
Contract a student debt, use it to pay the mortgage.
Let the student debt default.
If they don't do it, sell the house and reimburse the student debt.
Or use GME money.
All this 'HODL' business has been ridiculous; I had 200 shares from years back and happily sold them when they crested $300.
Fuck holding on for an uncertain pipe dream when I can immediately realize a 6,000% ROI.
How can I capitalize from the impending bubble pop?
1 dig a hole
2 shit in it
3 now you have your own shithole, in addition to the one you already live in. That’s a 200% return.
Get this to WSB
$SHIT is shorted by 200%, let’s throw some 💩
Based
Hold the line
Buy a house you don't mind living in for a long time. Load up on debt with 2.50% interest on the home. As inflation grows at 4-5% because we print money for all this spending, pay off your mortgage with newly inflated dollars.
KEK you're assuming wages will increase with inflation. Good luck.
This 👆🏼
Stagflation is coming. GEAR UP!
Remember, debt is an asset and cash is a liability in this fucked up managed and centralized system we currently have.
Load up on debt that pays you — i.e. real estate and let the stupid government inflate it all away.
Biggest mortgage & lowest rate I can get on the newest house away from people, max unsecured credit turned into cash/goods/toys to sell later and buckle down to ride it out.
Be all kinds of mortgage and rent relief next while landlords and banks hold the paper sack of shit (debt)
Stagflation is a big scare, how do you defend against it other than debt and assets? (Assuming you have a job that is incredibly secure no matter what)
This would be a viable strategy presuming that wages increased proportionately with inflation, which they historically haven't.
If you know you're going to earn more money in the future, then I endorse your advice.
Wages wouldn't have to increase proportionally with inflation, they just couldn't decrease. You still would buy a house with a payment you could afford, you would just put less money down and pay it as slowly as possible
All things considered equal, you would expect to see the house go up in price proportionately with the inflation rate. The added equity is a phantom that does nothing for you except require you to pay higher property taxes.
I concede that it technically allows you to borrow more against the increased equity, but that's a not a lifestyle decision I would go for. This will have you paying more loan interest on money borrowed from increased equity caused by inflation itself. You're effectively gambling on equity building always exceeding inflation rate, which fucked a lot of people in the housing market collapse a while back. People took out home equity loans, then they were stuck paying higher loan principles than the value of the house. Fun times.
You must be in Nevada?
Contract a student debt, use it to pay the mortgage.
Let the student debt default.
If they don't do it, sell the house and reimburse the student debt.
Or use GME money.
Can confirm. Down 80% on GME, still holding
i see you're on step 5 already... should qualify for mod position on wsb
All this 'HODL' business has been ridiculous; I had 200 shares from years back and happily sold them when they crested $300. Fuck holding on for an uncertain pipe dream when I can immediately realize a 6,000% ROI.
Dude keep holding that shit is going back up
I don't think so man, but no point selling at an 80% loss so I have no choice but to hold
Commenting to see if any brilliant Pedes have an answer for you
15 minimum wage wants a serious talking with your company's manager.