Im in Houston (Harris County)

At that point the only thing people will worry about is survival.....guns and butter.Hyperinflation would make dollars basically worthless too, but I think the chance of that happening in the US is basically zero.Gold has been a good investment for many, but I view it as highly speculative for the very reason you allude to when pondering its value.....it has value but how is that value determined?

A retirement account is just that: Money for when you retire to help you survive.

Did did a bunch of fix and flips, land contracts, rehabbed and kept a number of small (4-6plexes) multiunit residential, some single family rentals, couple commercial buildings, things went south in about 07, split with my partner to try and survive, worked day and night for another year to regroup and survive, the final collapse in 08, worst year of my life in every regard.

I kept thinking how do these guys even survive to make a living rolling the dice on property buys.

Curtis Harris if you are looking at this as your homestead, and maybe you are self employed, or there are reasons you can't get financed now...then I would approach listed owners or FSBO owners in the area (school district) you are looking for and explain that you can pay top dollar but you need 24 months to cash them out...or whatever.

-StevenThanks much Steven - Let me mention that although the Son has a quit claim deed from his Father (the surviving spouse of his Mother), he has not yet recorded it.

Planning for your survival during a downturn is crucial.

Having survived the last 5 years I personally have become anti debt so I prefer to create the cash flow now with minimal debt.

Welcome to BiggerPockets, Maryann Harris!