Funny, I had a conversation with my old neighbor about this. Tongue and cheek. He’s of the opinion that now that both China and US are printing more fiat money, he’s of the opinion to buy as many different kinds of investment as possible (equities, real estate ,etc). Because in his opinion, staying in cash for an extended period of time will be a losing proposition.
So he’s trying to rack and stack more investment properties, even at current prices…Shifting some of his holdings from China to the US.
I asked him if I was crazy wanting to cash out refi my old primary and take the equity to buy more houses. His exact words was. “Yes, because that’s what I’m doing to let the banks eat the depreciating dollar later…”
Feel sorry for the new home buyers that is just starting out…People spending the same amount some of us spent on a SFH years ago for a condo now… That’s pretty sad….
