5) You know you will make out fine in a deep recession or even depression and the likely resulting losses in all asset classes you invest in. You won’t need to depend on these assets to make payments on the house in case of job loss.
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So, if you have no job and all of your assets have been depleted, what resource would you use to make payments ?
I suppose the only way is having 100% of the loan balance in cash or paying cash for property.
If all Americans had this level of risk tolerance, we would all be serf-farmers working for the English Monarchy.
