People have no idea. My generation has lived through several recessions, but those recessions were all filled with helicopter money. It's cocaine -- Makes the pain go away but that doesn't mean its good for you.
I'm really hoping it's sorta messy so maybe the world economy can start worrying a bit more about actually doing real stuff again instead of just perpetually making numbers go up.
I'm really hoping it's sorta messy so maybe the world economy can start worrying a bit more about actually doing real stuff again instead of just perpetually making numbers go up.
The key will be putting money away to get a serious down payment. If mortgages stay high (the historical average before 2008 destroyed all the data was 8%, so I'd plan to be able to pay a mortgage at 8%) every dollar you save now is several dollars you don't have to pay back.
Maybe talk to an accountant in your jurisdiction. There's often tricks you can use to get a lot further along, for example by using tax efficient mechanisms to store and grow your down payment.
Maybe talk to an accountant in your jurisdiction. There's often tricks you can use to get a lot further along, for example by using tax efficient mechanisms to store and grow your down payment.
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