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Updated almost 5 years ago,
Buy RE or take cash and buy hard assets right now?
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!