Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Coronavirus Conversation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

6
Posts
2
Votes
Blake Townsend
  • Real Estate Agent
  • Durham, NC
2
Votes |
6
Posts

Buy RE or take cash and buy hard assets right now?

Blake Townsend
  • Real Estate Agent
  • Durham, NC
Posted

No telling how bad or what the effects will be when the dust settles...or how long that will take? I'm reading about how the monetary system has been built (we came off the gold standard in the 70's) and it's unsustainable. I have (had) a plan to buy a bunch of property this year/next year but worried about the fallout of this virus. More importantly how our economy will likely not be able to bounce back from so many lost jobs/income over the next 2-3 months (avg American has $400 in savings) and revenue for small businesses/fortune companies alike. The more they print (all the gov't bailouts announced for banks/businesses, and the "stimulus" for citizens) and buy create new bonds that have to be paid by future tax dollars, the more I think we should all be buying precious metals/hard assets to protect from the raging inflation that will likely come. Do you consider RE a hard asset that would come out unscathed after this? Jump in here and please tell me that I'm crazy...and prove me wrong. Please!