by Pops » Fri 19 Feb 2021, 17:44:05
$this->bbcode_second_pass_quote('AdamB', '[')url=https://peakoil.com/business/a-market-crash-and-high-inflation]A market crash and high inflation?[/url]
$this->bbcode_second_pass_quote('', ' ')Imagine for a moment that the price of all your investments — your stocks, your retirement portfolio, your house — suddenly drop in half this year.
Being the doomer I am, that is exactly what I did in 2005-ish, and again last year. First time it caused me to cash out and go all homesteader, this time, it caused me to cash out and buy the cheapest house I could find, $67k, and stick the rest in the bank.
Worked good the first time, the house I sold then still hasn't got back to what I sold it for (sorry guys) this time we'll see. If values drop 50%, I'll be down $30k vs $175— and I'll have the $175 in cash. If they don't this one can bring maybe $125k with a little fixin'.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
by vtsnowedin » Fri 19 Feb 2021, 17:55:51
$this->bbcode_second_pass_quote('AdamB', '[')url=https://peakoil.com/business/a-market-crash-and-high-inflation]A market crash and high inflation?[/url]
$this->bbcode_second_pass_quote('', ' ')Imagine for a moment that the price of all your investments — your stocks, your retirement portfolio, your house — suddenly drop in half this year.
Well if that happened the price of golf in Florida would also be cut in half. The house is already in the daughters hands so she can deal with it.
maybe I'd have to start brewing my own beer.
