Message from @Deleted User
Discord ID: 417842030085931008
You think we'll see a big upside soon or will it be a decade plus?
Is there any compelling reason why they would go up soon?
@Jacob I don't see one for a few months, so I keep buying
War requires a lot of silver
I'm seeing ARM loans being peddled again. Stocks are laughably high. The flight into metals will probably occur when the cascade happens again.
Ever hear Doug Casey talk about the hurricane analogy?
Nope
A hurricane has an entry wall, an eye, & an exit wall. Consider 2008 (Bear Stearns/Lehman Brothers) as the entry wall. We then moved into the eye--it's bright and sunny, yet we still have to come out of the hurricane. The exit wall will be far more violent and catastrophic. He suggests this will dwarf the Great Depression.
@Argument of Perigee Yeah, Doug Casey is pretty cool. Got me into further research about markets in general.
@Argument of Perigee I've been house hunting since I left work today. Thank you. That makes me feel really good about my future
Interest rates are so low, get a fixed mortgage, and have capital saved to anticipate danger, or don't buy. I've considered a house also, but I'm not ready just yet.
Interest rates are low, but does that offset the insanely high cost if a house? I'm willing to eat the higher cost just because I hate paying rent
In my unprofessional opinion, I would wait for the crash, but paying rent is shitty. If you rent your house for most of the payment, that would be cool.
@Freiheit - CA yes i plan to wait until a crash happens before i buy a house. i also don't need a house right now
I remember in 2006-2008, I was a college student thinking about the future, and I remember laying in bed several times thinking "how tf is anyone supposed to get a house for the first time, it looks like you have to buy as soon as possible so you can try to latch onto whatever house you can possibly afford at the time to try to ride the wave up" Well, I learned that if prices seem absolutely bozongo then there may be a problem with the prices.
I say this because I have the same gut feelings nowadays. We'll be having kids soon so I've been looking around at housing and even with both me and wife working full time the housing prices just seem insane or not worth it. I work in New York City and I'm struggling to find a house within 3 hours of where that is a nice safe neighborhood with good schools and a family sized house under 600k. I'm likely just going to rent for a while waiting for another housing crash, or I'm going to find a studio apartment and put wall dividers and live like those huge families did during the industrial revolution
@ThisIsChris thats why i got the fuck out of NYC
Where do ya'll buy silver and gold?
@Zyzz I think about that all the time. Maybe one day but all my roots are here. Family, long time friends, business networks...
So for the time being I'm just trying to see if I can make it here, really hoping for that housing crash
@ThisIsChris that sounds Trad AF. Do that
@ThisIsChris Go with the wall dividers, fam. It's very similar to how our ancestors lived in log cabins/hovels/huts for hundreds, if not thousands, of years.
@Deleted User like bullion? I use JMBullion.com
@ThisIsChris i moved down to FL and knew not a soul. i understand the apprehension but then again so did our ancestors when they left europe.
@John O - @Deleted User yeah everytime I go back to that idea I'm like "ya know wall dividers aren't such a bad idea..." I just have to give up on my dream of having a home squat rack/bench press/deadlift platform
Fuck personal time. People didn't have time to themselves during the Industrial Revolution
@Zyzz Florida sounds great man, especially when thinking about the weather. I'm glad you have made it work.
tfw no cramped house full of kids and waifu
I'm going to get a 3 story house for me, my parents, my 3 siblings, and all our kids
@John O - that's so awesome.
Kek, not really dude
That would be hellish
Maybe not the literal 3 story houses, but I have looked into those two-family homes before
I would like to have my dad right next door
thatd be sweet
i was very close to my grandparents growing up.. they were a 10 min drive away
Yeah having multi-family homes with family is a pretty great idea if you're close
When my grandma grew up in the Bronx, her family all lived in the same building. Same with my other Grandma in Boston, and my Grandpa in Brooklyn
Err, not quite my grandpa
Ha yeah only kicker is my dad loves his house too much to move
Have you tried looking in ossining or peekskill? my buddies sister just bought a house up there for around 500k. Very nice home fit for a family. @ThisIsChris
The metro north has its last stop in croton on hudson right between the two so the ride into the city is not terrible.