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RE: How to be Prepared for Your Next Financial Crisis?

in Project HOPE3 years ago

hi @gbenga - some great points you make here my friend.

I have been thinking, higher inflation is almost certain for most economies and virtual money printing has been used to create additional money out of thin air to pay for the huge cost of covid-19. In such times, I see some types of debt are not bad to carry. For example, if I buy a house for $100,000 mainly financed through a mortgage, high inflation over the next few years will make the value of the debt much less. The house prices are likely to go up with inflation so in reality I have gained value through the debt. I see in this instance it could be an opportunity - what do you think?