That, plus all the financial shenanigans politicians had to engage in to sustain this blind belief beyond its due-by date, is what has us in this fix now. I hope Piggs start to assume that if they “pay” $1 million for a home, they may end up actually paying some decent fraction of that $1 million (in spite of us all being market timing geniuses), maybe as much as $200-400K, and they really think through whether they would be comfortable with that. If not, then think about a lower price.
[/quote]
If it comes to that, it won’t matter whether you’re holding onto cash or purchased a home…It’s all going to be toilet paper and everyone is screwed. The economic pecking order paradox…..When the entire economy collapses, it’s game over for everyone.
But if you’re a “borrower”, don’t worry ,because at least with this current administration, they’ll at least try to throw money will be thrown at you months after month, courtesy of every other still paying tax payer who were savers, draining them to $0 along with you 🙂 Har Har Har…
