[UFCjunkie]

It's like this...

I have a apartment that I bought. After I bought it I have put almost all my savings into it. I have bought everything new. New kitchen, new bathroom, new floors, painted everything else everything new.

As I said I have put all my savings into it.

Now Im scared as hell that I never will get my money back because the "coming" economic crash will make my apartment unsellable and all the money I have planed to use for "the escape" will be lost.

When I talk to my friends about this and I say I want to sell they ALL say Im crazy. They say:
- Don't you want have a nice home to come home to? Don't you want a new home? Your never going to lose your money, your value will only get bigger and bigger. This city is expanding alot apartments is going to be more and more expensive...and so on...and so on...

The world that we talk about on this board is SO far away from the world that the people around me are talking about, two different dimensions. I'm so f****** confused. For me it's alot of money and I feel that I have to make the right decision, right now.

I think about this alot and I really don't know what to do but to sell as soon as possible. I think I'm going to sell at the end of this summer and move to a rental apartment. I stay here for the summer and then I hopefully sell it and make some money of it too. But the main thing is that I get the money back that I put in the apartment.
I live in Sweden, Northern Europe.

So, do any of you guys have some advices of what the best thing do in my situation?

[MrMambo]

I think you already know the answer. If it is possible to sell it now for a fairly high price, such as 80-90% what you have invested in it (only a loss of between 10-20%) you prevent that you later loose 60-70% of the value and.

If your lucky maybe you havent even started loosing marked value yet? Then its a no-brainer conclution: "Sell!!!!!!"

But what you don't want to do when you sell it is have the money as money. You should then reinvest it in a place wich has a better future in a post peak world, and perhaps some useful equpment. Some people would also suggest you buy some gold.

Tips would be property with farmland, close to freshwater and maybe rail and electric powerlines so that you might benefit from some modern world comforts.

Solar panels or wind-turbines could perhaps be a good idea, especially if you can build a community solar power plant, or community wind-turbines and share the investment for a more efficient solution.

[Sheb]

$this->bbcode_second_pass_quote('UFCjunkie', 'W')hen I talk to my friends about this and I say I want to sell they ALL say Im crazy.

[Tyler_JC]

Well, why should an apartment in the city be a death trap?

I certainly don't expect the world to fall apart completely any time soon, and nor should you.

Wouldn't you rather be in an urban area where the jobs will be, rather than trapped in suburbia?

And could you really support yourself on a farm?

I say you should stay put and work on building up your savings, rather than running off to the hills to live in rural poverty/starving to death.

I don't really know enough about your city to give a great assessment of its survivability.

Northern Europe gets much of its electricity from hydroelectric, right?

And you are right next door to two of the world's largest natural gas suppliers (Norway and Russia).

I don't expect people in Sweden to be freezing to death in the dark any time soon. Plus, your city probably has an electric transport network, right? (trains, subways, etc.)

I personally think you are in a decent location to survive Peak Oil. Now if your apartment was in Phoenix, Arizona, I would suggest moving. But I think urban Sweden is probably one of the better places to ride out the coming storm.

[Ayoob]

Sweden's going to be relatively fine. I wouldn't sell.

What are you going to do for money? I hope you're not a 7/11 clerk or something like that.

[UFCjunkie]

$this->bbcode_second_pass_quote('MrMambo', 'I') think you already know the answer. If it is possible to sell it now for a fairly high price, such as 80-90% what you have invested in it (only a loss of between 10-20%) you prevent that you later loose 60-70% of the value and.

[Gerben]

I'm not sure whether you are reading the newspapers, but Sweden is one of the most advanced worldwide in getting rid of fossil fuels. There's lots of hydro-electric power, nuclear energy and biomass (wood) power in sweden. And import of more hydro-electric power from Norway. Sweden has a lot of E85 (ethanol) cars, from Saab and Volvo. There are also a lot of biogas initiatives. A significant amount of ethanol has to be imported from Brazil, but there are already experiments under way in Sweden with ethanol from woody materials.
You don't want to sell your house. Sweden is where I'd go when TSHTF.

I should congratulate you that you OWN your house. Most people in the Netherlands, where I live (as well as in the US), live in a house paid for by their banks.

[basil_hayden]

Let's see -

You live in a country reportedly full of hot chicks, and have a nice apartment.

I know what I would be doing.....

[Tyler_JC]

Well, here's what I think about Sweden.

85% of its people live in major metropolitan areas. These cities are dense and have decent public transportation networks. (+2 points)

This means that the government of Sweden will not collapse and the people of Sweden will not have to live in fear of anarchy. (+1 point)

Sweden has a significant trade surplus, giving it a cushion against higher prices for energy imports (+1 point)

Sweden has a budget surplus and a relatively manageable national debt (+2 points)

Sweden has control over its own currency and has not joined the Euro (not sure how that factors into the point system)

Sweden has no poor, third world neighbors and the potential for millions of economic refugees swarming across the border is minimal (+1 point).

The Gini Coefficient of Sweden is very, very low. So even if income inequality increases dramatically, it was starting off at such an equal level to begin with that the poor will not feel compelled to revolt. (+2 points)

50% of Swedish electricity is hydroelectric, 43% is nuclear. (+5 points)

Sweden has no oil or natural gas reserves of its own and must import virtually all of its fossil fuels (-3 points).

The point system is silly, but you get the point I'm trying to make.

Sweden is in a much better position to deal with Peak Oil than the overwhelming majority of the world. I urge you to consider staying in Sweden.

[Madpaddy]

UFCjunkie,

You say that the development ofSweden is taking it to a place you can't call sweden anymore. I live in Ireland which is an unrecognisable country from the Ireland of 10 or 12 years ago. It's called the pursuit of the American dream baby - the greatest curse of all civilisation. As it is your country is a hugely advantageous position to most others.

Also, is your apartment mortgaged or do you own it outright?
Think long and hard before selling. How do you guarantee your money will beat the rate of inflation? Certainly, sell the apartment and buy agricultural land somewhere and rent anew property would be my advice.

Good luck and hello.

[Tyler_JC]

$this->bbcode_second_pass_quote('Madpaddy', 'U')FCjunkie,

You say that the development ofSweden is taking it to a place you can't call sweden anymore. I live in Ireland which is an unrecognisable country from the Ireland of 10 or 12 years ago. It's called the pursuit of the American dream baby - the greatest curse of all civilisation. As it is your country is a hugely advantageous position to most others.

Also, is your apartment mortgaged or do you own it outright?
Think long and hard before selling. How do you guarantee your money will beat the rate of inflation? Certainly, sell the apartment and buy agricultural land somewhere and rent anew property would be my advice.

Good luck and hello.

[Madpaddy]

I think if he takes life changing advice from anybody on this site based on the very limited information he has given, then it would be an enormous mistake. Good points about the Swedish farmland Tyler - I haven't a clue how much food Sweden produces.

[Tyler_JC]

$this->bbcode_second_pass_quote('Madpaddy', 'I') think if he takes life changing advice from anybody on this site based on the very limited information he has given, then it would be an enormous mistake. Good points about the Swedish farmland Tyler - I haven't a clue how much food Sweden produces.

[Ender]

$this->bbcode_second_pass_quote('UFCjunkie', '
')When I talk to my friends about this and I say I want to sell they ALL say Im crazy. They say:
- Don't you want have a nice home to come home to? Don't you want a new home? Your never going to lose your money, your value will only get bigger and bigger. This city is expanding alot apartments is going to be more and more expensive...and so on...and so on...
I live in Sweden, Northern Europe.

[BastardSquad]

1) DON'T PANIC!!!!


2) Workout several bugout plans.

3)Stockpile what you feel will be neccesities.

4)Arm yourself with as much knowlendge as you can about everything and anything possible! ( this one is important!!!)

5)Keep the apartment,you need a place to live till TSHTF.

6)To survive a human being needs - (1)food(!!!!),(2)fresh water,and (3)shelter to survive.Learn how to provide these for yourself.

7)As for money invested in your apartment - ask yourself the questions- "what is money?" and - "Do I own my possessions or do they own me?"

Relax,learn how to do more with less and go with the flow.Simply knowing about PO gives you a major advantage over most people.

Cheers

[malcomatic_51]

$this->bbcode_second_pass_quote('UFCjunkie', '')$this->bbcode_second_pass_quote('MrMambo', 'I') think you already know the answer. If it is possible to sell it now for a fairly high price, such as 80-90% what you have invested in it (only a loss of between 10-20%) you prevent that you later loose 60-70% of the value and.

[mmasters]

Sell and put your money in gold, silver for the time being and rent. You can probably buy your place back for a small amount of the relative cost or something better when the world economy goes in the shitter and you've maintained your wealth while everyone has lost most of theirs.

[Newsseeker]

Let your conscience be your guide as my grandmother would say.

[UFCjunkie]

Thanks for all the replies. I have been working all week and this is my first day of. I have read every now and then but haven't got the time to write something. Now I have so here we go...

$this->bbcode_second_pass_quote('Gerben', 'I')'m not sure whether you are reading the newspapers, but Sweden is one of the most advanced worldwide in getting rid of fossil fuels. There's lots of hydro-electric power, nuclear energy and biomass (wood) power in sweden. And import of more hydro-electric power from Norway. Sweden has a lot of E85 (ethanol) cars, from Saab and Volvo. There are also a lot of biogas initiatives. A significant amount of ethanol has to be imported from Brazil, but there are already experiments under way in Sweden with ethanol from woody materials.
You don't want to sell your house. Sweden is where I'd go when TSHTF.

I should congratulate you that you OWN your house. Most people in the Netherlands, where I live (as well as in the US), live in a house paid for by their banks.

[UFCjunkie]

$this->bbcode_second_pass_quote('Tyler_JC', 'W')ell, here's what I think about Sweden.

85% of its people live in major metropolitan areas. These cities are dense and have decent public transportation networks. (+2 points)

This means that the government of Sweden will not collapse and the people of Sweden will not have to live in fear of anarchy. (+1 point)