[scaredyclassic]

[quote=ltsddd][quote=scaredyclassic]really? I’m feeling kind of chipper and optimistic. Usually Im the worst case scenario kind of guy. The more negative things are, the more positive I feel, that things got bad but didn’t disintegrate. i think everything’s actually gonna be ok. sure the stock market will crash, global warming will cause mass civil unrest, wackadoodles with guns will be shooting others on the streets, but basically, things will proceed.[/quote]

Note to self. Stock up on toilet paper and instant noodles. Again.[/quote]

if the general mood is one of doom and gloom, being an emotional contrarian, I am compelled to think these are pretty good times.

And you know, in retrospect, i really do believe that we will look back on these times as relatively good. bickering about whether trump is a “bad man” violating the constitution, after real problems, like mass homelessness and starvation in the USA due to global warming, will seem like a dream. truly, we are living in the golden age right now, where we can even think of stocking up on toilet paper without selling our children into slavery.

[scaredyclassic]

even trump is admitting its serious. unless.. this is more 4d chess…

[scaredyclassic]

really? I’m feeling kind of chipper and optimistic. Usually Im the worst case scenario kind of guy. The more negative things are, the more positive I feel, that things got bad but didn’t disintegrate. i think everything’s actually gonna be ok. sure the stock market will crash, global warming will cause mass civil unrest, wackadoodles with guns will be shooting others on the streets, but basically, things will proceed.

[scaredyclassic]

[quote=sdrealtor][quote=scaredyclassic]Its funny how a small injury on wed. Has me feeling much more conservative.

I hurt my foot.

Felt broken, but it wasnt.

Hobbled around. Took it easy. Feel better today.

Still, i can imagine sudden turnarounds.

Its hard to make $ in pain. Not everything must be leveraged or make $.

Maybe its best to just sit in a paid off house and let the equity be[/quote]

Over time values increase. Over time rents increase. Sitting in a paid off house is not just letting equity be[/quote]

But youd get the value of the increase too, in addition to investing some of it mortgaged.

[scaredyclassic]

Its funny how a small injury on wed. Has me feeling much more conservative.

I hurt my foot.

Felt broken, but it wasnt.

Hobbled around. Took it easy. Feel better today.

Still, i can imagine sudden turnarounds.

Its hard to make $ in pain. Not everything must be leveraged or make $.

Maybe its best to just sit in a paid off house and let the equity be

[scaredyclassic]

What about if the infection rate (R0) is higher and its only a bit more deadly. That would kill a lot more people. Dwaths seem to be around 500 daily. Its not normal 180000 peoole to bw dying of flu in summer.

Aldo, unknown longterm effects. Not sure theres any evidence of younger healthy people being long term injured from flu.

[scaredyclassic]

What about diversification? If your house is a giant chunk of net worth, its not unreasonable to spread allocation around. Wouldnt it be foolish to have a high value paid off house as ones sole asset when you can diversify at 2.5%?

[scaredyclassic]

[quote=svelte][quote=scaredyclassic]However, anec dotally, i know a few tightly wound guys who died soon after retiring. Like tension was holding them together.[/quote]

Or they worked until they couldn’t work anymore so they quit their job in their final days.

There are a couple of guys at work, my age, who are doing that right now. They got hit with a bad health condition all of the sudden and tried to keep working to beat the problem, but eventually gave up because it was affecting their work noticeably. Their few retirement days will now be spent in rapid decline. So sad.[/quote]

Ahhh. I see

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Kendrick sounds like hes taken some controversial, maybe unscientific positions.

Dont mean hes wrong, but he looks like he likes to say krazy shit

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Maybe.

Except in my mind, anecdotally i knew a pretty healthy looking cop in his 50s who died. I doubt he wouldve died from the flu.

Could have…but….

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[quote=svelte][quote=scaredyclassic]im not sure i can see a future where having no mortgage is the smart move for anyone with some other assets and income. [/quote]

that doesn’t sound like a scaredy cat…has this site affected your outlook?

I’m at the age where I just want to pay off everything and cruise into retirement. I’m paying down my cars, my mortgage, electricity is now free. I don’t have any kids to support, my wife lets me do whatever the f I want when I want to do it. What else could I ask for?

I can now look forward to retirement in a few years where all I do is pay my various taxes, my insurance, buy a bit of food and live worry free. I’ll sleep when i want, eat when I want, get intoxicated when I want, travel when I want, answer to no one.

The day is coming up fast and I am ready.[/quote]

Wait…that sounds better than trying to arbitrage mortgaged money. However, anec dotally, i know a few tightly wound guys who died soon after retiring. Like tension was holding them together.

[scaredyclassic]

[quote=svelte][quote=scaredyclassic]im not sure i can see a future where having no mortgage is the smart move for anyone with some other assets and income. [/quote]

that doesn’t sound like a scaredy cat…has this site affected your outlook?

I’m at the age where I just want to pay off everything and cruise into retirement. I’m paying down my cars, my mortgage, electricity is now free. I don’t have any kids to support, my wife lets me do whatever the f I want when I want to do it. What else could I ask for?

I can now look forward to retirement in a few years where all I do is pay my various taxes, my insurance, buy a bit of food and live worry free. I’ll sleep when i want, eat when I want, get intoxicated when I want, travel when I want, answer to no one.

The day is coming up fast and I am ready.[/quote]

Maybe ive grown from scaredycat to cynicalcat. I cant see a future where the markets are permitted to reset. Or where markets are free.

At 0 percent interest, best to have a mortgage. At close to zero, same. 2.5% probably that too.

[scaredyclassic]

im not sure i can see a future where having no mortgage is the smart move for anyone with some other assets and income. low interest rates, no stock growth, gold stable or falling…it just just doesnt seem plausible based on the last 20 years.

i cant get promo credit card interest deals for 12 months at 2.625% nowadays

[scaredyclassic]

[quote=The-Shoveler]When the Egyptian pyramid were covered in gold it must have been quite a sight.

They don’t build them like that anymore.[/quote]

beg to differ. trumps penthouse coated in gold.

https://www.travelandleisure.com/culture-design/architecture-design/trump-tower-donald-trump-penthouse

onion gets it

NEWS IN BRIEF
Economists Warn Americans That Money Withering To Ash In Their Hands Could Be Sign Of Recession

https://www.theonion.com/economists-warn-americans-that-money-withering-to-ash-i-1844931114

[scaredyclassic]

the decline is a hoax perpetrated by antifa shortsellers; once they are taken into custody, the market will resume its normal trump-caused march ever higher.

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