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>There's nowhere to put your money that's safe. Sure there is; physical assets. Doesn't matter what happens to the market, people still need (for example) hous
by dTal 6y ago
>There's nowhere to put your money that's safe.
Sure there is; physical assets. Doesn't matter what happens to the market, people still need (for example) houses.
- bko 6y agoHomes have been pumped up, partly due to low rates. If rates go up, home valuations would drop considerably as mortgage payments become more expensive. I suppose if you get productive land or something away from high cost metro areas
- sevilo 6y agothat is not true in the event of war or major political movements
- muzani 6y agoThis is my reasoning - there's political instability at the moment, and I'd like the option to change countries as necessary. Stable countries like the US have violent riots, less stable ones are facing coups and spiraling debt.
- sevilo 6y agothat is my guess too. It certainly feels like "there is no good place to keep money". There is so much instability around the world at the moment, it feels even the traditionally more stable ones like real estate and gold are at jeopardy. People are fusing money into anywhere that's seemingly more safe than cash just to make the most out of it in the event that any major political shift happens.
- anm89 6y agoHousing prices are based on huge demand due to 2% mortgages. They could easily take a big hit.