2008 was a monumental black swan that had never happened before.

Nov 17, 2021
5:36:32pm

ebv All-American

Governments, banks, lenders, etc., have all taken extreme measures to ensure it cannot happen again.

Are you willing to bet it will happen again based solely on risk of inflation?

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ebv

Bio page: ebv
Joined: Jan 12, 2011
Last login: May 3, 2024
Total posts: 11,894 (679 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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