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why worry about anything you may need off in the future for that matter ?
the answer is because if you are savvy you keep a dynamic plan going in the back of your head and change it as time sees fit and the big picture changes over time . .
if one of your plans was to tap that equity or sell and relocate , that value at any given time , like any investment may require a back up plan that constantly evolves based on the here and now . .
the closer you get the more you should know where your assets stand and what your use for them will be or can be ..
you never know when a change in the big picture is the one your are stuck with and is the new normal as they say .
better to plan and allow for uncertainty then try to rule it out .. things should not be a surprise if they don't change much or even if they do
Last edited by mathjak107; 04-10-2016 at 05:09 AM..
You're in it, living in it and not planning to sell for some time.
Then why would you be worried??
Some people really need to chill.
And about deflation only some needs can be delayed.
People will buy food, cars, gas, clothing...etc. any way.
To be honest we could use a bit of deflation to bring prices to sane levels.
There is a bubble element to almost everything.
Yeah, pfffft why would Americans care about the value of their most expensive asset purchase in their entire life? People care because the hardest part of tipping the scale in wealth building is to START building equity. Most people never get there. If your equity disappears in a flash, and because of this contraction your credit lines dry up....and you lose your job...look out below.
Yep. All kinds of "non-essential" purchases can be delayed. People can stop eating out. Stop buying boats, cars, and houses. They can stop installing pools. They can put off that new furnace and new car tires. No swimming lessons or new clothes for their kids. Stop paying for new windows, new roofs, new factory's. Companies can stop investing in R&D and other expansions. And guess what happens when all of this happens? See: 2008.
The prices going down to a "sane" level are great for the last remaining people who aren't crushed in a deflationary spiral. IE the richest people who can absorb losses...step in and snap up property/businesses for pennies on the dollar, to eventually see their gains someday.
Last edited by Thatsright19; 04-10-2016 at 05:27 AM..
sometimes these things are like explaining the color orange to a blind person .
they don't know what they don't know .
this why when you think poor you usually end up poor .
when you have to explain to someone why it is a good idea at any point in time to know where you stand financially it is usually because they themselves have gone no where yet accumulating sizable assets so they see no need if it isn't something being consumed today ..
Exactly. It's like the word "deflation" has replaced "hyperinflation" as the scary buzzword among the doomer crowd.
Well, that's because after years of crying wolf ('hyperinflation' is imminent), nobody believes the doomers any more so they have to find a new bogeyman.
their cup will always be 1/2 empty one way or another . whatever happens may not even be in their life time just like it so far has not been in ours but they will always do things with the fear of the other shoe dropping so they never fully act .
that is usually the difference between successful and unsuccessful folks financially .
as tony robbins said , the common denominator to all the successful people he has interviewed or worked with is they have no fear of things .
they do not stifle their own actions by believing their own bull .
You're in it, living in it and not planning to sell for some time.
Then why would you be worried??
Some people really need to chill.
And about deflation only some needs can be delayed.
People will buy food, cars, gas, clothing...etc. any way.
To be honest we could use a bit of deflation to bring prices to sane levels.
There is a bubble element to almost everything.
Again, total cluelessness ... and callousness. People starved to death in the Great Depression. When people lost their jobs, they had no money to even buy food, so falling prices didn't help them one iota. Moreover, the local governments and private charities that provided soup kitchens were overwhelmed by the need ... and the fact that people couldn't pay their taxes and didn't have money to contribute to charity.
There have been so many changes pertaining to procedures and laws regarding the market (there used
to be no limits, but we all know what would happen if the truth be told). In a former life, I was a securities
broker (talk about LIVING inside the house of cards).
As I see it, paper money will lose all value sooner than anyone thinks. It stands at .38 on the dollar.
Dow, 500, & SP all fixed beyond belief, I'm sure you notice that if something doesn't go according to
plans, our fine socialist gov steps in and artificially makes that security, currency or commodity settle
exactly where they want it, print more green t.p. and call it good.
On to IRAs'...Just say NO. Back to our artificially inflated market, most IRAs' are currently being
considered as a way to "borrow" (no interest) your life savings. So instead of worthless green paper, you
would now have worthless white IOU (due never). Run to quality, and drag that Dow & Co. down to the
honest number it should be (IMO...we have been in a depression for almost 3 years and things are only
getting stranger.) Seriously, it is worth the penalties, as we keep in mind, cash in only worth .38 per $1.
On the other hand, this incredibly high index numbers makes real money less expensive to buy.
My conscience is clear. Thanks for letting me rant.
What exactly are you recommending people do? Cash out their 401ks with taxes & penalties, and put it where?
Again, total cluelessness ... and callousness. People starved to death in the Great Depression. When people lost their jobs, they had no money to even buy food, so falling prices didn't help them one iota. Moreover, the local governments and private charities that provided soup kitchens were overwhelmed by the need ... and the fact that people couldn't pay their taxes and didn't have money to contribute to charity.
Americans are exaggerating home ownership.
It's not an investment, it's a place to live.
Nothing more than that.
Besides it's not like anybody is buying with cash
Yes, I'd start a soup kitchen too.
We need to provide for our communities in difficult times.
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