[quote=scaredyclassic][quote=svelte][quote=an]
Yes, every crash is different. Not every crash cause everything to crash. Oil prices in the 70s caused massive inflation and housing went up almost 10x.
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[quote=an]
We have never ever before talk about up to $10T in stimulus. I don’t think it’ll stop at $10T either. [/quote]
Perhaps, but I’m not convinced everything that Biden has proposed will actually be passed.[/quote]
things must be frothy if scaredy is contemplating taking on more debt. My mortgage is tiny and refinanced at 2.5, but it makes perfect sense to me to take a recent offer of 300K extra cash out, refi the whole mess at 30 years at 2.625%, and dollar cost average the proceeds into reits, gold and international stocks over the next 36 months.
sure seems likely from my distorted vantage point now that those assets will be more than 26.25% higher 10 years from now, or really any asset will be higher 10 years from now. it is almost hard to visualize a longlasting crash. even I, a pessimist that bums out the other pessimists, didn’t sell when the pandemic hit, just kept buying. I was like, eh, nothings real anyway. i capitulate to insanity.
not that I’ll actually do it, but it seems like a logical thing to do. which means it’s probably insane. the more likely thing I’ll do is pay off my stupid mortgage. stupid.[/quote]
I took 540k out at 3% and trying to get my first mortgage payment on $160k invested. Lol….boring stuff, no tech.
Wish gold wasnt so expensive.
