We sold our house 6 weeks ago or so ago (significant cash out) and moved across the country, and we decided to rent for a bit and gamble that the market would collapse more. But we hate renting and we are already capitulating and putting an offer on a house we found and love. Even with our cash the mortgage will be about the same as before, due to the interest rates. So now we will be gambling that the interest rates will not continue up for long, and that they will decrease below their current level within a couple years. It feels wrong from an investment perspective, but it feels right from a life decision perspective, and it feels right from a security perspective (owning a place we can secure, and where we can grow a garden, etc.), and in the event of a currency crisis it would be bad to be super long cash. Side note: we don't have kids or pets, so it's just my wife and me; and we both have family nearby.
What would you do? And why?
I'd buy a house if I could and go absolutely crazy on it trying to be as self sufficient as possible - garden, storing food and water, chickens at the least, all of it. Make sure it's got some land, at least a 1/4 acre and learn how to make the most of it. There's people out there who can tell you how to grow all your food on at least a 1/4 acre. If the WEF wants us to own nothing and be happy, at least own it and be happy for awhile. They want to take everything from us, and they can take anything from us at any moment, but at least you have more control of your situation when you own your own place and don't have to rely on others much if you work towards that and be smart about it. Edited to add that security would be a huge thing safety wise and food prep wise. don't forget water and don't forget power.
Thanks man, that's our thinking also, pertaining owning making it a lot easier to set up your security/self-sufficiency situation, I feel like if we are renting from somebody else and shit really hits the fan we're just gonna be kicked out and fucked.