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Nov 17, 2021
5:21
:31
pm
Gente_Boa
All-American
Make sure you buy one that cash flows, also 35% drop in value is extremely
unlikely.
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Gente_Boa
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Gente_Boa
Joined
May 6, 2013
Last login
May 3, 2024
Total posts
4,422 (19 FO)
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Messages
Author
Time
Whenever inflation scares pop up advice always seems to be centered
TarCoug
11/17/21 5:03pm
Cash is the worst during inflation. Stash it in stocks, real estate, crypto,`
ebv
11/17/21 5:05pm
What about when they drop in value 35% and don’t cash flow and you bought at the
kotacoug
11/17/21 5:08pm
Then you didn't do your diligence, bought irresponsibly, and shouldn't have
ebv
11/17/21 5:12pm
This is generally true rents didn’t really go down during 2008-2010 just prices.
johnnybyu
11/17/21 5:15pm
Where are cash flowing properties now?
kotacoug
11/17/21 5:17pm
Anywhere. Unless you're trying to put down 5% or something.
ebv
11/17/21 5:20pm
I’m curious… where were you in 2006-8
kotacoug
11/17/21 5:23pm
I was in grad school. And those who held on through 2008 did just fine.
ebv
11/17/21 5:29pm
RE: I was in grad school. And those who held on through 2008 did just fine.
kotacoug
11/17/21 5:35pm
Not everyone. In fact, that was the best time to buy property in practically
ebv
11/18/21 8:52am
It was, once everything crashed. You are on the other side of that. The people
kotacoug
11/18/21 9:31am
Yeah. Not true. Unless you want to buy in the rust belt, with no chance of
Iman23
11/17/21 5:56pm
Yep.
kotacoug
11/17/21 6:50pm
Where are you guys looking? If you're putting 20% down on practically anything
ebv
11/18/21 8:49am
What’s the chance the ones that do
kotacoug
11/17/21 5:20pm
Rents don't track with the underlying value of the home.
ebv
11/17/21 5:32pm
Or you go through a period of 18 months where the govt prohibits you from
Blue Ridge
11/17/21 5:14pm
Ah, yes, the good ol' black swan that is certain to happen again. And soon.
ebv
11/17/21 5:14pm
Make sure you buy one that cash flows, also 35% drop in value is extremely
Gente_Boa
11/17/21 5:21pm
Happen a dozen years ago
kotacoug
11/17/21 5:25pm
2008 was a monumental black swan that had never happened before.
ebv
11/17/21 5:36pm
RE: 2008 was a monumental black swan that had never happened before.
kotacoug
11/17/21 5:41pm
COVID was something of a black swan, but the economy and markets absorbed it
ebv
11/18/21 8:50am
that happened because of millions of foreclosures flooded the market.
Gente_Boa
11/17/21 5:44pm
And what do you think will happen when/if the economy grinds to a halt,
kotacoug
11/17/21 5:50pm
How does the economy grind to a halt? Please elucidate.
ebv
11/18/21 8:51am
Uhh…. When you have excessive inflation, the purchasing power of money decreases
kotacoug
11/18/21 9:37am
I completely agree on not getting overextended. Apologies if that wasn't clear.
ebv
11/18/21 11:01am
No thoughts on getting out of debt?
TarCoug
11/17/21 5:34pm
In all honesty, debt during inflationary periods is your friend. You pay it
LaserCoug
11/17/21 5:36pm
This is precisely why 30-year mortgages are so attractive.
ebv
11/17/21 5:39pm
One of the best ways to get out of debt is by holding it during inflationary
BYU-Ite
11/17/21 7:01pm
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