If Karl’s right, you’ll find good deals in real estate in a few years. If you have any money left.
You must expect that no medical care will be available for anything currently paid for by “insurance” or the government. This is likely too pessimistic but if you count on it and are wrong you die, so being pessimistic by a bit over what’s likely is good rather than bad. If you can change a chronic disease outcome with lifestyle you better do it now. If you can’t then get your affairs in order, make peace with God if you believe in him, and then figure out whether you want to settle some scores when the bad stuff starts, because it’s going to and you’re going to have a very bad time of it.D
You must also expect that state, local and federal governments will all get very aggressive in trying to increase tax revenue. If you live in a large metro area where embedded costs are high you need to get out now. There is a very high probability that either through internal rot and collapse (e.g. they can’t pay for infrastructure repairs and they fail) or due to either an external actor or an uncoordinated and thus impossible to interdict group of Americans who decide they’ve had enough of the Blue “steal it all” crap infrastructure collapse is initiated and the large Blue Enclaves go feral within days.
If you lose this bet you will die fast and nasty. If you stay and “win” you still lose; you’ve already seen property tax ramps in most of these places of 100% or more. If you look at the discounted inflation-adjusted value of your house you’ve lost half of its value over the last 20 years not including the taxes already paid and thus forever gone! That is, even if you “win” and there is no mass collapse due to either disgruntled Americans or some external actor you will still lose in that the value of your holdings will be destroyed over the next ten years. It will be gone. For most people not in the 1% who “own” houses their real estate holdings are more than half of their net worth and for many people it’s essentially all of it. Get the **** out now or you will lose all of that value. That much is assured and that’s if you win the bet; lose it and it’s not just money you lose, it’s your life as well.
Steve Parker, M.D.