If high inflation hits us, and it just might, his scerio is flawed in that it’s a financial crisis and he’s hot likely to be buying ice cream, or chocolate bars. I don’t see how the average joe or josepine could currently afford to go out and buy 45 inflation insurance bars with the hopes for getting through two years of the crisis, for a mere 80K in present dollars without having his spouse file for divorce. I may be fooling myself, but the best I can do is prepare to last the first 6 months on raw basic needs. The first thing I’d do when the crisis hit is stop paying my mortgage. Then we ride it out the best we can and hope it’s over in six months time. Beyond that we likely join the rest of our country in poverty. I’ve been dirt poor before. It’s hard. But, God willing, me and my family will survive it. I’d like to think we could avoid the crash, but I do think it is the price we will have to pay for allowing our Governments to get out of control. Why is it the Government never seems to pay any price at all? Hmmm?
If you had a fixed rate mortgage, it would be the height of folly to stop paying on it. You would be paying off the mortgage with cheaper dollars while increasing your equity in a fixed asset which also increases in value.