No, I just run a tight ship. Trying to get my mortgage paid off ASAP before rates inevitably reset, and much of any excess money goes into paying down debts or making investments because there's no chance I'm letting cash sit and shrink to 7.5% inflation.
mmmhmmm. I was thinking about it. My rate is 1.8% locked for 5 years. Rather than pay it off, I am going to dump all my cash in some more fixed assets (housing) for next 6 months. I feel it will be a better return with those assets than paying off the 1.8% rate.....
....will move all my new savings from Q3 this year to a stock portfolio and some gold..... and keep ~3000 $ in bank/cash for emergencies.
I am not a great investor, but I think I am keeping my savings inflation proof this way
I used to have a mortgage, losing the house was a blessing. You pay so many layers of rent-seeker money, you are paying off fuck all and left with fuck all at the end of each month, and we were on 70th centile typical professional wages, but SE England is excruciatingly expensive.
Now we live in Asia, costs dramatically lower, and neglible tax, work offshore, can save, buy gold, invest in commodities and buy a post-crash cheap house.
I feel like everyone trying to get on the housing ladder after 2000, is being tricked into metaphorically doing gay porn, being raped for all the wealth they create.
Yes, but only partly. The physical problem is location. If you want to live rurally, prices are dirt cheap, probably similar to what it was 20 years ago. On the other hand urban prices have skyrocketed. The great rural urban migration will just keep making it worse, because land is a limited resource.
Asia is the same. Its only cheap if you live in an underdeveloped area. Prices in Metropolitan hubs in India and Japan are much higher than NY. China surprisingly lags behind these two, but it will catch up. Singapore is a special regulated market. Hong Kong is the worst. Other than that, if you live outside of these areas, you will find it cheap.
Urbanites will have to live in ze Pods and eat ze bugs. Its Physics/Economics, regardless of what Herr Schwob wants
sj_zero@lotide.fbxl.net 4 years ago
No, I just run a tight ship. Trying to get my mortgage paid off ASAP before rates inevitably reset, and much of any excess money goes into paying down debts or making investments because there's no chance I'm letting cash sit and shrink to 7.5% inflation.
iamtanmay@wolfballs.com 4 years ago
mmmhmmm. I was thinking about it. My rate is 1.8% locked for 5 years. Rather than pay it off, I am going to dump all my cash in some more fixed assets (housing) for next 6 months. I feel it will be a better return with those assets than paying off the 1.8% rate.....
....will move all my new savings from Q3 this year to a stock portfolio and some gold..... and keep ~3000 $ in bank/cash for emergencies.
I am not a great investor, but I think I am keeping my savings inflation proof this way
goldenballs@wolfballs.com 4 years ago
I used to have a mortgage, losing the house was a blessing. You pay so many layers of rent-seeker money, you are paying off fuck all and left with fuck all at the end of each month, and we were on 70th centile typical professional wages, but SE England is excruciatingly expensive.
Now we live in Asia, costs dramatically lower, and neglible tax, work offshore, can save, buy gold, invest in commodities and buy a post-crash cheap house. I feel like everyone trying to get on the housing ladder after 2000, is being tricked into metaphorically doing gay porn, being raped for all the wealth they create.
iamtanmay@wolfballs.com 4 years ago
Yes, but only partly. The physical problem is location. If you want to live rurally, prices are dirt cheap, probably similar to what it was 20 years ago. On the other hand urban prices have skyrocketed. The great rural urban migration will just keep making it worse, because land is a limited resource.
Asia is the same. Its only cheap if you live in an underdeveloped area. Prices in Metropolitan hubs in India and Japan are much higher than NY. China surprisingly lags behind these two, but it will catch up. Singapore is a special regulated market. Hong Kong is the worst. Other than that, if you live outside of these areas, you will find it cheap.
Urbanites will have to live in ze Pods and eat ze bugs. Its Physics/Economics, regardless of what Herr Schwob wants