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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Technut1990" data-source="post: 810765" data-attributes="member: 3774"><p>If you sold your house then you know that the upside to what you got was quickly lost when you bought your new place. That’s the problem on a small scale. inflation, supply, production are producing really high sell points but once you sell you have to buy so in the end you make nothing. Right now, with the exception of the really large companies which can supply themselves at cost, the market is costing value as much as it’s producing Value.</p><p></p><p>My wife and I pushed around the idea of selling, while getting the price we want would be easy it’s very hard to find any market where we would get another house at it’s true value. We’ve decided to reduce our debt. Paying off the cars and other bills in prep for market normalization seems the best option right now. Unsure how to handle student loans given there’s a looming possibility Biden forgives them, which he would do as soon as we paid them off.</p><p></p><p>I think the bottom line is that nobody really knows where we are heading with the economy. We’ve decided that when whatever comes comes, it’s better to be as debt free as possible when it gets here.</p><p></p><p>I never really understood the concept of loaning into inflation given the very definition of inflation means my buying power is decreasing, makes more since to me to simply not owe anyone</p></blockquote><p></p>
[QUOTE="Technut1990, post: 810765, member: 3774"] If you sold your house then you know that the upside to what you got was quickly lost when you bought your new place. That’s the problem on a small scale. inflation, supply, production are producing really high sell points but once you sell you have to buy so in the end you make nothing. Right now, with the exception of the really large companies which can supply themselves at cost, the market is costing value as much as it’s producing Value. My wife and I pushed around the idea of selling, while getting the price we want would be easy it’s very hard to find any market where we would get another house at it’s true value. We’ve decided to reduce our debt. Paying off the cars and other bills in prep for market normalization seems the best option right now. Unsure how to handle student loans given there’s a looming possibility Biden forgives them, which he would do as soon as we paid them off. I think the bottom line is that nobody really knows where we are heading with the economy. We’ve decided that when whatever comes comes, it’s better to be as debt free as possible when it gets here. I never really understood the concept of loaning into inflation given the very definition of inflation means my buying power is decreasing, makes more since to me to simply not owe anyone [/QUOTE]
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