General Stock Ideas

[gfp927z]

Good point about real estate and the looming financial problems for states/cities. While owning paid-for properties would get you through the financial collapse/Ice-9 phase, you could then be looking at big tax increases.

I like the idea of owning real estate, but actually owning it is a pain in the neck. I only have a condo and don't even like the responsibility of owning that, lol. REITs would be a good option in normal times, but if Ice-9 happens, they'll be frozen just like everything else. And REITs tend to use leverage/debt, another big problem if there's a financial meltdown.

A plan to get thru the coming collapse basically intact seems like a sound strategy, as opposed to trying to profit from the collapse, which could easily backfire due to mistiming or other mistakes. Events rarely happen exactly as we think they will, so you can have the right idea but still manage to lose a ton of money, which isn't easy to replace at our age.