Scared to go from deposit saving to mortgage paying..

Swipe

Bullfighter wrote: »

I see a long protracted period of deflation with a potentially rapid hyperinflation scenario followed by a new Bretton Woods agreement - and whatever this new monetary system looks like I doubt the average person will end up 'better off'.

I'm confused. Could you elaborate on this? Deflation and hyperinflation, or one following the other?

Bullfighter

Swipe wrote: »

I'm confused. Could you elaborate on this? Deflation and hyperinflation, or one following the other?

Deflation now (in fact more like stagflation) and then the governments and central banks flood the economy with fiat currency which will cause massive inflation.

Davesnave

Bullfighter wrote: »

I guess you are referring to me here.
Yes, in relation to what another poster said about you.
I challenged your assertion that anyone who warns against taking on debt in this environment is somehow 'not cut out for home ownership' because 'it involves more self-discipline'.
No, I didn't say that. I said saving & investing to amass enough to buy outright actually needs more self-discipline than paying down a mortgage. One is more 'voluntary' than the other.
I provided my outline of why I take the position I do.
Sure, it's a free forum. I agree with some of the things you say & we have much in common.
Call me a troll or biased if that makes you feel better.
I said I wasn't entering into a debate & would leave it up to the OP to decide who was obviously biased. Because they are doing the deciding, that includes me, as well as you, and everyone else! Hardly a personal attack. I never used the word 'troll.'
I'm not stopping the OP from making any decision, and frankly all of our advice is worth exactly what he paid for it.
Presumably OP didn't ask the question because they thought it was a waste of time, but only they know now whether it was or it wasn't!

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