3 ms·
Unless the US hits the debt ceiling.
by dehrmann 4y ago
Unless the US hits the debt ceiling.
- ProjectArcturis 4y agoThen everything is fucked.
- vasco 4y agoI see this type of thinking a lot online, and while it makes sense to a certain extent to not overly prepare for unlikely doomsday scenarios where "you'd have bigger problems", it still makes sense to not-overly prepare, if that makes sense. For example, failed states (even after complete destruction due to war), have a way of honoring primary residence property rights even after the rebuild of the country, many times including secondary properties that are not your primary residence (ie germany, poland after wwii, more examples exist). So if you know this history, you'd do well to make sure you own some property, not just "paper". This is only one aspect of investing, but I've seen many people claim from the same source argument things like "holding REITs is better than a home because it's way more liquid and flexible", which... yes, but.
- dehrmann 4y agoProperty rights remind me how most(-ish) cities are older than the countries they're in.
- dkjaudyeqooe 4y agoThe constitution says that the US has to pay its debts, but it doesn't say that about its other expenses, so that isn't necessarily true.