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Southern MN | I kind of laugh at my own way of thinking. If land were to drop by 50% or more I would see it as an opportunity to buy more even though my net worth would be cut by similar percentage. Stock market gets cut in half will be a lot more worried about the amount of money lost rather than seeing it as a buying opportunity. Stocks are basically blind trust that they are a thing of value. Land is still something real no matter what the currency value of it is.
I also have concern about actual confiscation either by RE taxes or out right taking it. Hard to flee the socialist take over with your favorite 1/2 section in your pocket. But there is basically nothing you can own that is completely safe from actions such as these. Buying millions of dollars of precious metals doesn’t seem like a smart move either.
Edited by Jrditchdigger 9/25/2022 10:47
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market turns
