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Updated about 9 years ago on . Most recent reply

User Stats

54
Posts
9
Votes
LuAnn Vigen
  • Investor
  • Vergas, MN
9
Votes |
54
Posts

Holding precious metals as part of your realestate cash reserves

LuAnn Vigen
  • Investor
  • Vergas, MN
Posted

So our question is, what are others doing to protect their rental properties if property taxes get out of hand due to inflation and you can't raise rents due to a depressed economy.

In light of the Canadian dollar dropping, their resulting inflation, the current risk in the economy and the US dollar slowly loosing it reserve status and with the new Dodd Frank bail in banking laws, cash in the bank is now considered a loan to the bank.  If the bank fails they can take your money to cover their losses. 

Also, history has shown that in a financial crisis, city governments will increase property taxes to fund pensions and operating budgets with no regard to its citizens.

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