strangerdanger457

 
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  • in reply to: Debt Rattle March 18 2020 #55526
    strangerdanger457
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    I have a question if anybody can take a crack at it I would be extremely grateful. If I had (In an American bank savings account) a decent chunk of cash, and I am wanting to buy land like Nicole Foss and set up a farm/compound kinda thing, should I buy now or wait a few years or so for real estate to go down in price? She was concerned about capital controls being implemented and I don’t want to lose the savings because of that, but I don’t want to pay inflated prices for land either. In a podcast from 2015 she said don’t take on debt to make a purchase like that I think, but I won’t have to take on debt if the prices go down significantly. Is it likely capital controls will be put in place in the near future, like the next 18-36 months? Should I get out of the banking system sooner rather than later?

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