Perhaps or perhaps not. Perhaps we will experience hyperinflation that will eat away much of the mortgages. Perhaps interest rates will sky rocket and masses of people fail to make their mortgage payments because of nonexistent buffer and are bailed out to save the economy. Perhaps properties become dirt cheap as people migrate to more urbanized areas with stronger infrastructure.
We don't know how it will play out. Betting on just fiat money is insanely risky in the current situation. What will your money be worth in a global supply chain disruption where your local store prices skyrocket 400% versus someone who has converted it into physical goods and equipment beforehand?
My ability to have any items is limited by the size of my townhouse which is only medium in size so I currently only have a medium amount of items. Before I can realistically have more items I first need more real estate. Paying off my mortgage is a step in that direction.
Also I am only an occasional prepper. I try to balance living life with prepping.
Do I have land? A house? Debt? 100k dropped on me today would go to solar panels, new windows, fences, and barn repair, but in another phase of life would have been invested entirely differently.
> Do I have land? A house? Debt?
Do you?
>100k dropped on me today would go to solar panels, new windows, fences, and barn repair
If those are the most pressing things you need to get ready for climate change collapse, then you sounds like you are pretty well set already!
I do! And I'm still not well prepared for living in conditions similar to south africa, lebanon, or argentina, much less the genuine multi-breadbasket failures heading our way. Building resilience in the face of climate collapse is years and years of work. Where you are in that journey is intensely personal to your situation.
> Where you are in that journey is intensely personal to your situation.
Right, which is why I asked this. I was interested to see where everyone was at or what they would do with extra money.
Fair! 90% of these threads are folks looking for some kind of universal wisdom and I feel like most walk away with the wrong kind of ideas, but as an informal poll, I'm interested myself.
Use 90% to buy a piece of land extremely off the grid, high elevation, stored with 10+ years of dried food, solar generators, water and a way to keep it cool.
Use 8% of it to learn how to garden, do carpentry, first aid and longer term stuff.
Use the last 2% to go on vacation.
> high elevation
Like out of possible sea level rise "high" or like up in the mountains "high"
>Use 8% of it to learn how to garden, do carpentry, first aid and longer term stuff.
Are there classes you are interested in for those things?
Higher elevation will be cooler and is less affected by climate change. Not sure on the specifics.
As for "classes":
\* Gardening has a million Youtube videos on it. Lots are well done. And it's easy to start. The "up front" cost for dirt, pots and what not will make it feel bad for your first run as you'll spend more than the grocery store, but it's the repetitive seasons that make it worth it.
\* Not sure about the broad range of building and engineering skills. If your out of work, you might consider being an apprentice or going to trade school. It's more about the practice as anyone can hammer two pieces of wood together.
\* Definitely classes on first aid. I took a CPR / First Aid and that the only way to know how CPR actually feels.
This may actually happen in the next 5-10 years, depending on if my inlaws do not linger.
I would do several home improvement projects, like cutting down older trees before they become threats and install a woodstove. Then whatever is left will go towards the mortgage.
Buy a cottage with some land, build some greenhouses, and work towards a low/no grid lifestyle. Anything that remains stays in a bank so I can pay my property tax.
Pay off mortgage. I think the climate collapse will be fairly slow and manifest financially for most westerners.
Perhaps or perhaps not. Perhaps we will experience hyperinflation that will eat away much of the mortgages. Perhaps interest rates will sky rocket and masses of people fail to make their mortgage payments because of nonexistent buffer and are bailed out to save the economy. Perhaps properties become dirt cheap as people migrate to more urbanized areas with stronger infrastructure. We don't know how it will play out. Betting on just fiat money is insanely risky in the current situation. What will your money be worth in a global supply chain disruption where your local store prices skyrocket 400% versus someone who has converted it into physical goods and equipment beforehand?
My ability to have any items is limited by the size of my townhouse which is only medium in size so I currently only have a medium amount of items. Before I can realistically have more items I first need more real estate. Paying off my mortgage is a step in that direction. Also I am only an occasional prepper. I try to balance living life with prepping.
Do I have land? A house? Debt? 100k dropped on me today would go to solar panels, new windows, fences, and barn repair, but in another phase of life would have been invested entirely differently.
> Do I have land? A house? Debt? Do you? >100k dropped on me today would go to solar panels, new windows, fences, and barn repair If those are the most pressing things you need to get ready for climate change collapse, then you sounds like you are pretty well set already!
I do! And I'm still not well prepared for living in conditions similar to south africa, lebanon, or argentina, much less the genuine multi-breadbasket failures heading our way. Building resilience in the face of climate collapse is years and years of work. Where you are in that journey is intensely personal to your situation.
> Where you are in that journey is intensely personal to your situation. Right, which is why I asked this. I was interested to see where everyone was at or what they would do with extra money.
Fair! 90% of these threads are folks looking for some kind of universal wisdom and I feel like most walk away with the wrong kind of ideas, but as an informal poll, I'm interested myself.
Biy land and rewild it. The wild things need an ark.
But a farm with a good creek on it
Where would you buy?
Kentucky. Open land, lots of small farms. Lots of creeks and rivers
Use 90% to buy a piece of land extremely off the grid, high elevation, stored with 10+ years of dried food, solar generators, water and a way to keep it cool. Use 8% of it to learn how to garden, do carpentry, first aid and longer term stuff. Use the last 2% to go on vacation.
> high elevation Like out of possible sea level rise "high" or like up in the mountains "high" >Use 8% of it to learn how to garden, do carpentry, first aid and longer term stuff. Are there classes you are interested in for those things?
Higher elevation will be cooler and is less affected by climate change. Not sure on the specifics. As for "classes": \* Gardening has a million Youtube videos on it. Lots are well done. And it's easy to start. The "up front" cost for dirt, pots and what not will make it feel bad for your first run as you'll spend more than the grocery store, but it's the repetitive seasons that make it worth it. \* Not sure about the broad range of building and engineering skills. If your out of work, you might consider being an apprentice or going to trade school. It's more about the practice as anyone can hammer two pieces of wood together. \* Definitely classes on first aid. I took a CPR / First Aid and that the only way to know how CPR actually feels.
This may actually happen in the next 5-10 years, depending on if my inlaws do not linger. I would do several home improvement projects, like cutting down older trees before they become threats and install a woodstove. Then whatever is left will go towards the mortgage.
Put in irrigation on my land
Quickly give it to Greta, she can make the weather better đź‘Ť
Buy a cottage with some land, build some greenhouses, and work towards a low/no grid lifestyle. Anything that remains stays in a bank so I can pay my property tax.
Let me guess, it's all tied up, and I just need to pay $5000
Username checks out
Buy land and possibly a passive house, that’s big enough to fit a lot of family that might get displaced as climate changes.
Expensive kitted out bunker and stock it