I think having no mortgage is the opposite of the correct move.

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May 4, 2021
10:57:46pm

Backcountry Truly Addicted User

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Backcountry

Previous username: The Lone Wolf
New username: Simple Jack
Bio page: Backcountry
Joined: Sep 6, 2008
Last login: Aug 8, 2023
Total posts: 0 (0 FO)

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Messages

Author

Time

Alright CB, talk me out of my Doomsday mood with the economy.

Moops

5/4/21 10:01pm

You're likely right.

Ragnar Danneskjold

5/4/21 10:05pm

RE: You're likely right.

(Private)

5/4/21 10:13pm

Woah. Obama as a kid?

TNT

5/4/21 10:40pm

Can you find some place cheap?

BYULAWGUY

5/4/21 10:08pm

New Mexico... since our govt stinks, economy shut down, etc... CHEAP

Xenon

5/5/21 5:14am

Wait, there is a New Mexico?

BYULAWGUY

5/5/21 5:19am

Sorry Xenon. Although it’s cheaper, house values have been rising here too. Mine

LaserCoug

5/5/21 6:24am

Prices rises in some places ... but not as fast as most of the country

Xenon

5/5/21 6:36am

I’m just glad I don’t need to move to one of these hot markets

LaserCoug

5/5/21 6:43am

So ... thread from earlier looks like 30% year over year vs 10% in New Mexico

Xenon

5/5/21 10:04am

Probably will help that Intel is dropping 3.5 billion in my town

LaserCoug

5/5/21 8:52am

You are right. However it's very difficult to time. I have a colleague who has

Agnostic-alumni

5/4/21 10:10pm

I think you’re right but i think you need to give it a few more years

Heath Squashwell

5/4/21 10:11pm

You're crazy.

BlueTooth

5/4/21 10:13pm

printing money benefits us now at the expense of future generations.. with this much cash in the world I don't see how

HarlemCoug

5/4/21 10:16pm

The economy would have collapsed already, if it wasn’t the basis for temples and

OU Cougar

5/4/21 10:17pm

The future is as bright as your faith

grosven

5/4/21 10:17pm

It will be fascinating to see how this plays out, there will be a correction

4slyce

5/4/21 10:20pm

You’re crazy. We can kick the fiscal can down the road for decades. Look at

Mr. Rumsfield

5/4/21 10:28pm

Geez. You're the indicator of when to buy.

Stev_ie

5/4/21 10:29pm

Predictions nonstop for exact same reasons since 1965. Someday it will happen.

roseyscenario

5/4/21 10:44pm

Boardname checks out 😉

Moops

5/4/21 11:07pm

Great post. Technology is deflationary and

grosven

5/4/21 11:08pm

My concern and the reason I feel we're closer to what Moops said is that the American people are declining in their

CoogsWin

5/5/21 12:43am

There it is. The “your generation sucks” argument. As old as Moses.

ebv

5/5/21 6:37am

Our generation does suck

Backcountry

5/5/21 6:53am

Each generation sucks in its own ways. It's pretty annoying when a previous one

ebv

5/5/21 10:28am

I agree with a lot of this but I think it might take a while to have full effect

MetaLearner

5/5/21 9:47am

I think having no mortgage is the opposite of the correct move.

Backcountry

5/4/21 10:57pm

RE: Alright CB, talk me out of my Doomsday mood with the economy.

BYU Grounds

5/4/21 11:07pm

Thanks for the replies.

Moops

5/4/21 11:16pm

Hope for the best, prepare for the worst. Win/win all around

Nat Gas Man

5/4/21 11:22pm

You must read Jack Reacher

Moops

5/4/21 11:40pm

Ray Dalio's book on Big Debt Crises has a lot of data to consider from the build-up to past crises.

Sandstone Cougar

5/4/21 11:46pm

We should prepare our portfolios accordingly. You can do it without

Stev_ie

5/5/21 12:29am

That is the goal for a total power grab. Biden's plan working to perfection.

coolblue

5/5/21 8:39am

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