"That is, unless Grandma and Grandpa were gold bugs."
That I can see. However, what if Grandma and Grandpa are invested in stocks like in the portfolio (composed of PM and resource miners and energy companies)?
That's the one thing I question. How can there be currency collapse that flat lines every other stock valuation, but not those in the portfolio?
Or, is the portfolio meant to be an attempt at diversification; hedging between the two scenarios of currency collapse (i.e., only PMs maintaining purchasing power) and a world that continues to muddle along disfunctionally but prioritizes the expansion of infrastructure and energy?
We paid off our first home in 7 years. PP was 88,900 $. It sold about 10 years ago for $775,000. God only knows what it is worth now.
Anybody watching Babylon Berlin? Life in Berlin in the run-up to Hitler taking power. I'm in season 4 and it is 1930. Not the same as today but it sure rhymes.
Ms. Hill is correct - home ownership in 20th/21st Century America has never been particularly "easy" and has always involved certain "sacrifices" - which most families have been and are willing to make. No - the "hollowing out" of the middle class has been accomplished by the combination of the New Deal/Great Society socialist legislation with the debauching of the currency by the banksters at the fedres (for the benefit of their masters the .001%). The only way to shield oneself from the depredations of the Creature from Jekyll Island has been to get into PMs heavily immediately after the bailout by Greenspan in 2001/2 and then to keep stacking as fedres policy became (in John Hussman's words) ever more deranged. If the derangement continued the Deep State was bound sooner or later to lose control over the PM markets and those markets are now starting to reflect the true amount of inflation that has occurred. The Emperor's nakedness is now plainly visible, particularly as the Deep State so wildly overplayed its hand with the Plandemic and Death Jabs. Stay securely buckled up and as John says - keep stackin'.
Mostly true but mortgage rates in 1984 to 1985 approximately were 12.5% to 16.5%. I paid the 12.5% and my life parter paid the later. I bought the least expensive house for sale the fall of 1984 then disparagingly called SLUMMERVILLE in MetroBoston. I had earned a masters degree and was employed full time in a professional position at a university. I had saved the money for the down payment and closing costs, Deleading and other necessary repairs. The mortgage company told me that I could not avoid to live in it but must and investor. Please disabuse people that initial home ownership was ever easy.
When you say Initial home ownership, are you referring to the first 10 minutes? Your wages were going up 3 to 5 % per year at a minimum and you were sitting in a 30 year one way ATM.
I went 21 years with no raise. I was employed as a masters level, licensed Registered Dietitian Nutritionist. For 10 of those years I had to private pay for health insurance as a nutrition consultant and no benefits with a pay in of 5$ an hour between employed and self employed. When self employed ( as basically a gig worker) I also had to the extra 7+% plus that the employer would have paid and no benefits. I marvel that there is apparently the perception of a golden age in the 70’s, 80’s and 90’s especially for women. We were paid at 40% of men in equalivent professions. Today, it is mostly at 70%.
"That is, unless Grandma and Grandpa were gold bugs."
That I can see. However, what if Grandma and Grandpa are invested in stocks like in the portfolio (composed of PM and resource miners and energy companies)?
That's the one thing I question. How can there be currency collapse that flat lines every other stock valuation, but not those in the portfolio?
Or, is the portfolio meant to be an attempt at diversification; hedging between the two scenarios of currency collapse (i.e., only PMs maintaining purchasing power) and a world that continues to muddle along disfunctionally but prioritizes the expansion of infrastructure and energy?
One reason for buying in most cities..is there are NO rentals and esp cheap rentals,
so either buy in the city OR comute 1-2-3 hours daily + transport expenses / stress + Parking si also EXpensive...
but buying today on only 1 income, while mom stays at home...is not possible
We paid off our first home in 7 years. PP was 88,900 $. It sold about 10 years ago for $775,000. God only knows what it is worth now.
Anybody watching Babylon Berlin? Life in Berlin in the run-up to Hitler taking power. I'm in season 4 and it is 1930. Not the same as today but it sure rhymes.
Ms. Hill is correct - home ownership in 20th/21st Century America has never been particularly "easy" and has always involved certain "sacrifices" - which most families have been and are willing to make. No - the "hollowing out" of the middle class has been accomplished by the combination of the New Deal/Great Society socialist legislation with the debauching of the currency by the banksters at the fedres (for the benefit of their masters the .001%). The only way to shield oneself from the depredations of the Creature from Jekyll Island has been to get into PMs heavily immediately after the bailout by Greenspan in 2001/2 and then to keep stacking as fedres policy became (in John Hussman's words) ever more deranged. If the derangement continued the Deep State was bound sooner or later to lose control over the PM markets and those markets are now starting to reflect the true amount of inflation that has occurred. The Emperor's nakedness is now plainly visible, particularly as the Deep State so wildly overplayed its hand with the Plandemic and Death Jabs. Stay securely buckled up and as John says - keep stackin'.
Mostly true but mortgage rates in 1984 to 1985 approximately were 12.5% to 16.5%. I paid the 12.5% and my life parter paid the later. I bought the least expensive house for sale the fall of 1984 then disparagingly called SLUMMERVILLE in MetroBoston. I had earned a masters degree and was employed full time in a professional position at a university. I had saved the money for the down payment and closing costs, Deleading and other necessary repairs. The mortgage company told me that I could not avoid to live in it but must and investor. Please disabuse people that initial home ownership was ever easy.
You seem to not understand the concept of house price vs income. Prices have gone through the roof ... incomes are not even close to matching.
I was making 18k when I bought my house in 1985 for 129.9k. Today, I make 130k and my house is worth 1.2M.
When you say Initial home ownership, are you referring to the first 10 minutes? Your wages were going up 3 to 5 % per year at a minimum and you were sitting in a 30 year one way ATM.
I went 21 years with no raise. I was employed as a masters level, licensed Registered Dietitian Nutritionist. For 10 of those years I had to private pay for health insurance as a nutrition consultant and no benefits with a pay in of 5$ an hour between employed and self employed. When self employed ( as basically a gig worker) I also had to the extra 7+% plus that the employer would have paid and no benefits. I marvel that there is apparently the perception of a golden age in the 70’s, 80’s and 90’s especially for women. We were paid at 40% of men in equalivent professions. Today, it is mostly at 70%.