This is the enviable situation to be in, loads of assets bought with fixed-rate credit.
The only problem is, that when money fails, governments go after other assets as well.
Under the Weimar Republic, landlords gave away the keys to property to tenants as property taxes soared to untenable levels, anyone with any kind of property that could be seized or taxed could lose it - including real estate.
It is difficult to predict how this will play out.
That's already happened. We know they're not gonna let the other side win.
And the sides really are now "Main Street" versus "Wall Street." Wall Street will do whatever is necessary to prevent Main Street from winning, at least if it means their being wiped out.
Frankly, I really don't know how to play it. Part of me says to get another house right away while sale prices are still low and interest rates are ridiculously low. But the other part of me says no, invest in an Airstream Trailer with a Ford 350 and hit the road. They'd have to find me first before they confiscate my stuff.
Hmmmm . . .