Quote:
Originally Posted by sebastian_dangerfield
Oh, I don’t disagree with you. I think it’s prudent to assume the worst case scenario. I am merely noting, there is no government intervention which can keep us a functioning society if this thing should go more than two, three months at the most. I think you should build that in as an additional “super worst case scenario.“
We are currently making decisions in part based on consideration of a possible “doomsday situation.” I may not buy a gun, because I have never wanted one in my house, but I may buy a safe.
I know one fairly affluent person who recently avail himself of the right not to pay his mortgage for the next three months. I asked why, given that he can easily afford it. His view was, you can never have too much actual cash on hand, and if things go really badly, why the hell would you want to have wasted that money on your mortgage?
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I thought about this. I wondered if you do this do they shut down all your other credit lines. Then all the other banks follow suit.
I actually also contemplated the converse for a second. What about paying off the house and squatting for a bit only worrying about small tax bill and food.
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