Oxide…..
-First, you have not bought into the MSM generated “conventional wisdom”. Right now, I don’t believe it is possible to be too cynical about the motivations of our business and political leadership.
The good news is that the paradigm is shifting in your favor. This ain’t over yet…..not even close.
-For the next few years (five? ten?), being able to pack up and relocate, while keeping you your debts low, will work in your favor. A bunch of people are going to be unable/unwilling/unqualified to relocate for better jobs.
-The reason my parents bought their first house back in the 60s was because it was CHEAPER than renting. IOW, there was a “return” for assuming all of the liabilities of owning. Until that returns, it makes no sense to sign a contract for a huge, money consuming, illiquid asset.
-Likewise, we don’t have a clue as to what places will be the “best places to live” until after the dust settles. Hell, it could be Brazil or China (or, God forbid, North Dakota) for all we know right now.
Governments at all levels are going to be looking for ways to collect taxes for their retirees/pensioners, and this process is just starting. Taxes/User Fees are going to be going up, just as sure as the Sun rises in the east.
-Up until about 1980, the old way of thinking about you life and career worked……..back in the old days when there was steady jobs, stable pensions, inexpensive health care, and local sales taxes around 3-5%. Unfortunately, all this stuff has been thrown under the bus, and what worked back then doesn’t work now.
-You’ll be surprised on how quick all us Baby Boomers will die off. Nobody wants to pay for our retirement health care, and too many of us won’t be able to handle retiring to a dark room with a 13? TV set, and living off Ramen and Alpo.
-Before it’s over, you be able to buy a nice 3/2/2 just about anywhere in the country, for less than a new Chevy Suburban. Mark my words.
-I’m not a member in the “All Debt is Evil” club. But going into stupid, ill-advised debt is not a good place to be. Going to work because “you have to pay bills” sucks. There is a certain amount of “freedom” you get when you have the financial ability to walk away from a crappy job.
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