War and property mortgage you still need to pay If war destroy your Property

[Fullbear2222]

There is no rule that war Will make free of mortgage payments.
Now it's better to own only cryptocurrency becouse crypto is untouchble by war and you can take it with you If you move in world.
Now it's not good own nothing i sell everything now and put in stablecoins and btc.
Now it's better to give your Property back to bank instead of owning i have mortgage i told my bank take it i Dont need i'll just rent apartment and hold most of my wealth in crypto.
Imagine war will destroy your Property and you still have mortgage better IS to give mortgage property to bank let them have it.

Nobody dont protect your wealth If not protect yourself safety first.

[Jawhead999]

It depends on where you live.

If you live in or near of a conflict country, you shouldn't own a property because the risk of losing it is high. Since the risk of owning property is high in a conflict country, but the interesting fact is the property price in Palestine [1] and Israel [2] are high, how it's possible?

They might able to protect their wealth through Bitcoin, but you're forget if them aka civilians can't leave the country and they need to join the war.

[1] https://www.numbeo.com/property-investment/country_result.jsp?country=Palestine
[2] https://www.numbeo.com/property-investment/country_result.jsp?country=Israel

[Fullbear2222]

It depends on where you live.

If you live in or near of a conflict country, you shouldn't own a property because the risk of losing it is high. Since the risk of owning property is high in a conflict country, but the interesting fact is the property price in Palestine [1] and Israel [2] are high, how it's possible?

They might able to protect their wealth through Bitcoin, but you're forget if them aka civilians can't leave the country and they need to join the war.

[1] https://www.numbeo.com/property-investment/country_result.jsp?country=Palestine
[2] https://www.numbeo.com/property-investment/country_result.jsp?country=Israel

Because Banks price in real easte by mortgage prices its like futures market not spot market.
Well all middle East are on danger to own Property Even in the south side of europe the war is still ukraine and middle east war could expand Even more all the way to Europe even the civil unrests in large population locations of middle east people.
Things are not peaceful anymore and it seems like there will be no stop anytime soon.
Imagine Even If you own Property in sweden some areas there is crimes so bad that bomb houses and burn.
Off course we don't see all this on media the news don't show us everything what's going on.

My cousin have hotel with bank loan mortgage in egypt so i call Him to give away and stay safe otherwise he will lose just the Property and still own Even more to bank.


And there is no insurance that will insure against war

[_act_]

It is good to diversify, you can not invest all on  bitcoin and some other cryptocurrencies. If you are in a country that has no war, or if war begin, that if war will not likely be in the place that you are located, there is nothing not good about it if you buy or invest in real estate there. Your advice is good, but there are many successful people that have physical properties. As for myself, I will diversify.

[Upgrade00]

If you live in a high conflict area where you fear that your property may be destroyed at anytime, then you have a lot more problems to deal with than.whether or not to put your property in Bitcoin or not.

Your first priority should be safety and security.

[so98nn]

I think if someone is near conflict zone then banks not be offering that good deal for the peeps in the region because they know the risks already. Perhaps peeps should have raw houses made out of woods and puffs, and not the fixed one with high risers. That can help them during the act of war to the fullest. Even if they get hit they will only lose raw house that they can rebuild quickly and have proper settlements. I know this is not the solution but what we can do if humans are always fighting each other even after they saw billions died in the world wars. At least we can see new ways of living and acclimating to the surroundings through economic point of view.

Yes, Bitcoin can be life saver to these peeps but there is a catch. Where they would spend it? Overseas? To whom? What they will get in return if they are situated in restricted zones. Even a bird cant fly during war.

[kryptqnick]

I do agree that cryptos are safer in times of war than real estate, for obvious reasons. However, a war might be accompanied by blackouts, a food crisis, and a lack of trust into digital forms of money, in which case a person may find it hard to access the funds in Bitcoin sometimes, and that can be a problem. It still doesn't make real estate better, but it's something to keep in mind. As for mortgage in an event of destruction, I got interested in my country's case (Ukraine), and apparently, you still need to pay mortgage, but you can then apply to get a compensation from the state for the ruined property.

[Gozie51]

Imagine war will destroy your Property and you still have mortgage better IS to give mortgage property to bank let them have it.

Anyway, you just trying to mention the advantage of cryptocurrency over landed properties and yes in some aspect it has advantage but likewise property also has it own advantage.

Like you have mentioned in war season that houses get destroyed, no doubt you are right but have you also thought of insurance?. It is important when you build your house whether through mortgage, you need to insure it with a reputable international insurance company or a local insurance company that is affiliated internationally so that even when the insurance company in the war zone is destroyed, you can lay your claims to the international affliate insurance company.

Cryptocurrency no doubt has this advantage of not being destroyed but you can also redeem your house after the war if you have indemnified it, where you are safe and can produce proof through your insurance documents (if it is not burnt )

[macson]

There is no rule that war Will make free of mortgage payments.
Now it's better to own only cryptocurrency becouse crypto is untouchble by war and you can take it with you If you move in world.
Now it's not good own nothing i sell everything now and put in stablecoins and btc.
Now it's better to give your Property back to bank instead of owning i have mortgage i told my bank take it i Dont need i'll just rent apartment and hold most of my wealth in crypto.
Imagine war will destroy your Property and you still have mortgage better IS to give mortgage property to bank let them have it.

Nobody dont protect your wealth If not protect yourself safety first.

what you say here is correct, if a major war happens then there is nothing we can do, all property will definitely be destroyed, especially if you live in a country where there is war, it is very dangerous, including the property you own will be in danger. but property is still important, if you don't have a house then how will your family rest, i still recommend that you have a definite residence even though it requires you to pay the mortgage but you also have to have other investments in bitcoin, currently bitcoin is one of the assets hedge investment, don't miss investing in bitcoin.

[bittraffic]

Are you already expecting the war with Russia or Israel to bomb your house?
I was planning this myself to only hold crypto and just live in a van until everything settled.  But this will be possible if I have no family of your own.

But why give the property to the bank? You can always just make them repossess your property or continue to pay them until it becomes ruins when bombed especially if you live in the conflict region.

[ajiz138]

What if someone is in a friendly country, of course any property would be worth more than the bitcoins and stabelcoins you mentioned, are you referring to the conflict between Israel and Gaza or Ukraine and Russia?

I wouldn't put it all in bitcoin, of course property is very important for ourselves as a place to live it is a matter of friendliness in a country then it will be fine no need to think about war being a mortgage because of the banks.
I am in a country where there is no conflict whatsoever, so it is not worrying, even if storing assets in bitcoin is indeed important but at least diversifying is much better.

[Twentyonepaylots]

Are you already expecting the war with Russia or Israel to bomb your house?

This isn't the case, the OP didn't stated this on his post, he's probably curious on what will happen to property owners, house owners on conflicted areas.

I was planning this myself to only hold crypto and just live in a van until everything settled.  But this will be possible if I have no family of your own.

For me, living in a van is a dream, coz I only think of the bright side of it like getting to places with your van but after thinking some possibilities of problems along the way, I stopped thinking about it ha!

But why give the property to the bank? You can always just make them repossess your property or continue to pay them until it becomes ruins when bombed especially if you live in the conflict region.

Because banks doesn't care if the property is near or within the high conflicted areas, they will sell it even the lowest possible profit or just make even for that property. I'm not sure if property owners have any rights to ask for bank's compensation or provide any insurance for the property. I guess that's the best option they could give when selling it in the first place.

[hugeblack]

The possibility that you will have a mortgage and that a war will occur is small, but it confirms that there are risks even in one of the safest investments, which is real estate. this does not mean that investing in cryptocurrencies (specifically Bitcoin) is the solution, but rather in diversifying your investments by investing in cash, gold, low-risk investments, and Bitcoin.

I remember that I had a friend who had car payments and suddenly there was a riot and the insurance did not cover the riot, so there are always risks, even if they are low.

[milewilda]

The possibility that you will have a mortgage and that a war will occur is small, but it confirms that there are risks even in one of the safest investments, which is real estate. this does not mean that investing in cryptocurrencies (specifically Bitcoin) is the solution, but rather in diversifying your investments by investing in cash, gold, low-risk investments, and Bitcoin.

I remember that I had a friend who had car payments and suddenly there was a riot and the insurance did not cover the riot, so there are always risks, even if they are low.

We do know that there's no way that we cant really be able to tell if war would happen or not into the place on which we do have a property mortgage but its impossible that you cant really be able to assess out
before you would really be making out some decision on buying some property because if you do see that the said property is really that located on a place on which war possible then for sure you would really be passing out.
For those whose places then for sure those owners would really be having insurances on which we do know that it could really be having that application when it comes to insurances on which it is really that a normal
approach as an owner yet we cant really just that be so dumb on not to assure or get insurance since you do know about the possible situations on which it is really just that right on getting one.

You would really be having that peace of mind if you do get insurance but of course and as far as i know that insurances on properties are really that expensive
but if you do see that it is really that able to potentially protect your investment then its really that worth.

[franky1]

There is no rule that war Will make free of mortgage payments.

disaster is why mortgage companies DEMAND the mortgage payer also pays for insurance..
and that insurance policy HAS TO cover the risks of the area. which means premiums can increase
even if the physical property is just a hole in the dirt. the mortgage company still gets value back. .. but yea the person is homeless

what happens though. even if a home is not bombed
each year when the insurance premiums renew. the premiums increase when the risk increases. to a point its better that the resident sells up or just default and relocate

and thats what most do. many people are ECONOMICALLY displaced. even in war. even if your suburb has never been hit by a bomb but is within a "risk zone" of a war torn area. just the economic strain of trying to fund the cost of a house makes people give up living in that area.

many people would stay at their home and just outlive the war, but its the cost of living that makes them get displaced
many people do everything possible to try to stay in their home. paying the high premiums, hoping the war will be over before the next premium increase of their insurance. hoping the war would end and the premiums drop back down to affordability.

[Gozie51]

I remember that I had a friend who had car payments and suddenly there was a riot and the insurance did not cover the riot, so there are always risks, even if they are low.

This is the more reason that we need to take some insurance policy to guide ourselves and properties against eventualities. It is not out of possiblity that things that can destroy whatever physical property we have can occur and we are left at the mercy of ourselves. But with the insurance policy covering houses and auto insurance, such car will not go unredeemable for the owner. I under people run away from premium because of how much involved but it is rewarding when you have such an accident.

[South Park]

If you live in a high conflict area where you fear that your property may be destroyed at anytime, then you have a lot more problems to deal with than.whether or not to put your property in Bitcoin or not.

Your first priority should be safety and security.

Correct, the priority should always be to keep your life, your health and for the same to be true for your family members, and while I can understand the argument of not keeping ownership of a property in a war zone as indiscriminate attacks can happen at any time, leaving should be the priority, especially before the conflict starts as this is the easiest time in which this can be done, as once the war has started there is no way to leave without risking your life as well.

[panganib999]

It depends on where you live.

If you live in or near of a conflict country, you shouldn't own a property because the risk of losing it is high. Since the risk of owning property is high in a conflict country, but the interesting fact is the property price in Palestine [1] and Israel [2] are high, how it's possible?

They might able to protect their wealth through Bitcoin, but you're forget if them aka civilians can't leave the country and they need to join the war.

[1] https://www.numbeo.com/property-investment/country_result.jsp?country=Palestine
[2] https://www.numbeo.com/property-investment/country_result.jsp?country=Israel

War doesn't happen on your property, it's one of those non-negotiable shit that you still can't do something about. What you have to look forward to is reparations. Some countries who lose the war, like what happened to Japan and Germany in the 2nd World War, were forced to pay for reparations to countries that they invaded. Doesn't matter if they're fucked economically themselves, they have to do that as a symbol that they yield and as a little "sorry g" letter to the ones they committed atrocities against.

And it's not like you can't just choose to not build a house even if it's within war-stricken areas. It's like telling someone that's starving to not eat just yet cause there are people who are hungry outside and they might take away their food.

[hafiztalha]

There is no rule that war Will make free of mortgage payments.
Now it's better to own only cryptocurrency becouse crypto is untouchble by war and you can take it with you If you move in world.
Now it's not good own nothing i sell everything now and put in stablecoins and btc.
Now it's better to give your Property back to bank instead of owning i have mortgage i told my bank take it i Dont need i'll just rent apartment and hold most of my wealth in crypto.
Imagine war will destroy your Property and you still have mortgage better IS to give mortgage property to bank let them have it.

Nobody dont protect your wealth If not protect yourself safety first.

Yes ,Bitcoin is safe than investing in property.No one can destroy your Bitcoin and no one can conquer it because  tenant can capture the property .Also in War,if property is damaged all loses are of you,Bank doesn't matter if war destroys you house ,they will be at your door.So invest in Bitcoin and invest for a couple of years and after some years you will be lucky person who will get a lot of money without effort .You will be richest person in your area and no one can damage your assets because no one knows what is value of your assets. Bitcoin has a power to make Rich person because it's value jump in nk dollars and no one can imagine it's jump
and there are thousands of millionaire who became millionaires by one and only Bitcoin.

[Huppercase]

There is no rule that war Will make free of mortgage payments.
Now it's better to own only cryptocurrency becouse crypto is untouchble by war and you can take it with you If you move in world.
Now it's not good own nothing i sell everything now and put in stablecoins and btc.
Now it's better to give your Property back to bank instead of owning i have mortgage i told my bank take it i Dont need i'll just rent apartment and hold most of my wealth in crypto.
Imagine war will destroy your Property and you still have mortgage better IS to give mortgage property to bank let them have it.

Nobody dont protect your wealth If not protect yourself safety first.

Mortgage is for people has a functioning government and job to pay back. In my country, we don't leave in houses in that system, rather we live in a conducive house you can pay rent for and the price depends on the development of the area. Reason why we don't do mortgage here is because the interest rate and inflation will kill you while you are still alive paying for the house you plan to pay on installment for the rest of your life when the minimum wage is very little to survive. I believe this applies to some other countries as well.

Real estate is not a small business to even begin with, but you are right about buying crypto instead of Real estate. However, it also depends on where you live, there are places that since there developing stage have not for once experience war or conflicts and are doing well today in that real estate you are running from but I agreed that it's not a wise decision to that in war zones.

In addition, I hope you also know that cryptocurrency is also a risky investment, you have to be vigilant of the type of coin you buy, when to buy and where to keep them. More precisely, buy bitcoin because all other coins depends on its growth and it is circulated by institutional investors that want to see it grow in value because they also hold bitcoin.