Reply #41: I agree with you up to a point about the mortage [View All]

[MadHound]

However, when crunch time hits the economy, which is looming just over the horizon, financial institutions can and will call in their debts, including mortages. If you can't come up with the needed money right then and there, they foreclose on the property and you are kicked to the curb. This happened a great deal in the Great Depression, and it ruined many a family.

And frankly, I think that land is the stablest long term investment one can make. Virtually all of the other finance markets are increasingly becoming nothing more than crap shoots, elaborate pump and dump games played the high rollers of Wall Street and the PPT. But hey, that's me:shrug: your mileage may vary.