i like the idea of buying property as a hedge against the political superstructure that recognizes and affirms said property ownership as legitimate.
real 5-D chess moves from a powerful mind.
<puts on tao te chaching hat>
What if we just had a paramilitary organization embedded within the state that could opportunistically make use of the state's crisis to make even more money and suppress working class organization?
US collapses. Dollar collapses. Banks require you to pay your loans anyway.
yeah, brave to assume the debt won't be pawned off to some unholy financial conglomerate made out of G*rmans and HKers
You’re a millennial. You’re 40. You get a house with a 50 year mortgage. You pay it off until you die at 82. The bank keeps the house and the money. You beat the system somehow.
I guess the plan is for hyperinflation to hit and then you just pay it all off or something.
I think they're suggesting that somehow the U.S. collapses before the term of that loan is up
Maybe I’m dooming too hard, but I find it easier to believe that the US will collapse than that the banks will. This feels like a sign that maybe I need to go outside or something.
Depends on how it collapses. If through a revolution, you might keep you house and have your debt pardoned.
I will not fedpost
I will not fedpost
I will not fedpost
I will not fedpost
I didn't understand how this would be a leveraged short against the US government, but I'd like to know more!
Unless I'm missing something, the only way you make money is if the inflation rate exceeds the interest rate on your mortgage. A 50-year mortgage is not going to have a good interest rate. Also, it is unlikely that your wage is going to match inflation (although it will increase so e due to inflation and maybe if you build a career you'll have a higher paid job ofc, but that isn't directly relevant to the post). The only way this makes sense is if there's a few years of massive massive inflation that beats your 50yr mortgage's rate, and I you have enough stonks to generate a useful return so you can pay down your loan balance for the inflation kicks in. I suppose you could also refinance at that point as well to a shorter term.
It's not "120 IQ" it's the usual financial gaming/hedging/shorting and carries a fair amount of risk. I don't have much of any faith in the US/western real economy, but I also know "the house always wins".
The more conservative move (so you don't have to fret about finances) is:
- Have a lot of money (of course)
- put the money in your retirement stonks (mutual fund etc) targeting a ~5% return and just let it ride
- take a mortgage on a reasonably priced home at the lowest interest rate you can afford
- short terms (15 years) = lower rates (key being that it's below the 5%) = free money cause your stonks go up faster than your mortgage interest
- if inflation kicks in, you can pay off the debt earlier cause your stonks will go up faster
If you pay it off early?
- use excess funds to fund socialist activities or whatever
- move to a nicer home that you can reasonably afford with equity in your old home, higher wages than when you were younger, and take another low interest short term mortgage
the obvious way to make money with this is
Take loan
Buy house
Rent house to someone
Pay loan with rent
That's it. What they're saying with this law is, that the US needs more landlords.
Me neither, and I wouldn't take financial advice from a twice-stolen shitpost
$1 million USD now > $1 million USD after
As the borrower you get to have the $1m now, the lender gets the $1m + interest later.
The bet is that there will be hyperinflation soon (and that you won't have to default on the loan), devaluing the money you'd owe the bank.
I have my doubt though that a 50 year loan would have fixed interest rates rather than being index adjusted or something like that.
Hyper inflation for the global reserve currency sure sounds like a good idea
Yeah houses will be more affordable for a short while but prices will catch quickly and even if you buy early you still are buying house that won't last as long as the loan.
Except longer term loans have higher interest rates so you'll be paying nearly the same per month anyway
That's my understanding, based on my current experience with a mortgage.
However, I don't know what my IQ is so I guess I can't speak on this.
Also the limiting factor for most people getting a regular mortgage is the down payment and credit check, not the actual monthly payment. Unless you're rooming with 3 other people (and maybe even then) you'd likely spend less on a mortgage than your rent depending on where you live.
- Buy house
- Fill it with deadly traps
- Wait for dollar to collapse
- Tell the repo men if they come inside they will lose a leg
Get affordable housing with this one neat trick
You're really not paying that much less monthly and it will cost 3 times the value of your home over the 50 year period. It's not getting more for less, it's less for less
well the joke here is that society collapses so I think that was priced in
a guy who thinks IQ is real is confidently spouting nonsense? no way
Every bit of that post is that cursed soulless unlife mortals call AI, from the background to the two paragraphs he had generated in "ChatGPT or maybe Grok". I have been observing with disgust.
straight up calling the reader stupid if they disagree is a convincing argument, yeah? tweets by genuine geniuses just hit different
(I wasn't sure if this shitpost should go in c/slop cuz I interpreted as making fun of sigma grindset dipshits, but perhaps they genuinely are one)
trying to reread it ironically... i'm stumped. i can see your read but if he's actually doing an irony it's spyplanin' over my head
Eh like the "UAE Exotic Falconry & Finance" shitposter but less obvious so it might actually get engagement from unironic finance sigma idiots
But again, perhaps I'm too optimistic
