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Why You Should Get Busy Now

Thursday, April 21, 2011, 2:56 PM
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I want to respond to a couple of member questions to the last report.  

Here are two flavors of the same question, written in response to "How This Will All Play Out,"  both wondering why I am advocating that people accelerate their plans, whatever they may be, to become more resilient.

Lemonyellowschwin wrote:

Chris wrote:

"If your plans include moving, selling a house, or making big improvements to your current house, I would strongly recommend putting those plans into high gear."

Is this because of concerns about rapidly-rising interest rates (killing the ability to buy or sell real estate) and inflation increasing the cost of improvements?

nickbert wrote:

I myself am wondering the same thing. My family and I don't own any real estate anymore (at least not in the US) and are not planning to buy anytime soon so that's not an issue for us, but if there is another specific reason I would love to hear it.

As usual, there's no easy answer to this, such as Because everything will stop working on June 12th, 2012 at 3:05 p.m.!! Nobody knows when the next difficulties will begin, obviously, or how serious they will be. Such is the nature of complex systems.

Given this, the best we can do is constantly weigh and then reweigh the various risks as circumstances change.

 

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