Dollar Devaluation

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Martin Hash
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Re: Dollar Devaluation

Post by Martin Hash » Wed Mar 24, 2021 1:25 pm

Smitty-48 wrote:
Wed Mar 24, 2021 1:24 pm
see, I'm not one for crypto

I prefer modern art

that way my investment doubles as decor in my fully detached dream home
I happen to agree with this strategy; even if the worst doesn't happen, I just bought something I would like to buy anyway.
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Smitty-48
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Re: Dollar Devaluation

Post by Smitty-48 » Wed Mar 24, 2021 1:27 pm

Martin Hash wrote:
Wed Mar 24, 2021 1:25 pm
Smitty-48 wrote:
Wed Mar 24, 2021 1:24 pm
see, I'm not one for crypto

I prefer modern art

that way my investment doubles as decor in my fully detached dream home
I happen to agree with this strategy; even if the worst doesn't happen, I just bought something I would like to buy anyway.
same thing with vintage wines

I prefer an investment I can enjoy in real time

although I do hold some gold, and it is enjoyable to hold it in my hand
Nec Aspera Terrent

Smitty-48
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Re: Dollar Devaluation

Post by Smitty-48 » Wed Mar 24, 2021 1:33 pm

modern art brings me joy

I enjoy the decor, the sheer enjoyment of being stylish af

and when the bourgeois married couples come to your home, it flexes on them for you
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PartyOf5
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Re: Dollar Devaluation

Post by PartyOf5 » Fri Mar 26, 2021 7:59 am

So what happens to real estate values? I hear there is a bubble that is ready to pop, but if we get inflation won't that prop up prices?

PartyOf5
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Re: Dollar Devaluation

Post by PartyOf5 » Fri Mar 26, 2021 8:03 am

I've noticed over the past year that values for items on Ebay, at least within the realm of things I browse for, have been significantly increasing.

Take baseball cards for example. Things I was able to buy a year ago for $75 are now regularly selling for $200. This is not just on specific items, but appears to be a general trend. Other types of items seem to have the same trend.

At first I chalked this up to COVID. Lots of stuff shutdown + stimulus = people spending money on other things instead of concerts and sporting events. Now I'm beginning to wonder if this could be a harbinger of significant inflation.

Smitty-48
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Re: Dollar Devaluation

Post by Smitty-48 » Fri Mar 26, 2021 8:27 am

PartyOf5 wrote:
Fri Mar 26, 2021 7:59 am
So what happens to real estate values? I hear there is a bubble that is ready to pop, but if we get inflation won't that prop up prices?
ah, well, there will be a correction in the real estate market when interest rates rise, certainly

for us, this is our dream home, so we're not selling, thus the price is irrelevant for those purposes

for younger people owning their first home, they just have to make sure they can cover their mortgage

it's not a loss unless you realize it by selling into a correction

really for a younger person, a home is just a savings account that they can live in
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SuburbanFarmer
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Re: Dollar Devaluation

Post by SuburbanFarmer » Fri Mar 26, 2021 8:30 am

As a current homeowner, I’m looking forward to a drop. The price of a more expensive home has risen more than the value of my existing one.

So, to move actually costs more when prices are up. Buying low counts more than selling high.
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Smitty-48
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Re: Dollar Devaluation

Post by Smitty-48 » Fri Mar 26, 2021 8:53 am

it really comes down to location

even in a correction, I don't expect prices around here to actually drop

they will just rise slowly rather than like a rocket as they are now

even if there was a massive 40% correction, a technical market crash

prices have risen so much, I would still be up 50% net over purchase price
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SuburbanFarmer
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Re: Dollar Devaluation

Post by SuburbanFarmer » Fri Mar 26, 2021 9:06 am

40% would make me so goddamn happy right now.

My down payment is a bigger percentage, and the money from existing house pays off more principle. Bring it on please!

The only folks who lose are the ones taking out loans against their houses - speculators.
SJWs are a natural consequence of corporatism.

Formerly GrumpyCatFace

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Smitty-48
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Re: Dollar Devaluation

Post by Smitty-48 » Fri Mar 26, 2021 9:06 am

you have to know your market

here in the Greater Toronto Area, I know the market, this is my fourth home owned in this market

but this one of the hottest markets in the world, this is the big leagues here

you could sell a house here, and then take that money and buy two houses in another part of Canada
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