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

Rockstarguy

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Quote from: Fullbear2222 on October 29, 2023, 09:21:06 AM

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.

this opinion is based on perspective and exact location of residence. If your country is at the brink of the full blown war and you're not the full owner of the property and the deed can be revoked then it's better you let the property go. Although in some part of the world mortgage is not a big deal lands and properties are being bought from either individuals or Real Estate companies, Owning a property is essential and will always beat renting as it relieves one of the high cost of rent these days and being at the mercy of someone that was smart enough to own one. I'm of the opinion that putting all eggs in one basket is no a very good idea and in other to have sustainable wealth investments should be diversified.

EluguHcman

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It is always wise enough taking preventive measures than to cure.
Bitcoin as an assets or an exchanged digital currency is a way off from the censorship of the governments and the banks obligations to authorities, also a kept off from the inflammations of crisis of war either a global or society insecurities of mayhems that either strikes to destruction of properties or angles that is economically burdened and affected. But Bitcoin has solemnly been the only way to scale through the discomfortous of whereabouts the sarcastic inevitable activities that is potentialed to bringing down ones hard earned postures of structural wares obtainment.
Elementarily, the several craves of crisis which had layed down lives and properties is something worth taking a prior and indulge on the digital crypto currency fund saving and assets projected saved .

There is always excuse of the government about an impossibilities to rebargain or sympathises with the conversational investors at any assets of damages counts either intentional or unintentional disasterous occurrences. The government do not just Care. Even the taxes are weird enough to let go the space for the government to occupy while you relays your financial growths dependently and reliably on the Bitcoin.

dezoel

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Well, if you live in a country that is hit by war and there are conflicts in your country with other countries and there is a possibility of your neighborhood getting affected because of that, it's better if you sell the property you own before something happens and then it loses all the value and becomes useless. However, I wouldn't suggest investing everything in Bitcoin or cryptocurrencies because we all know that cryptocurrencies don't have any real existence and no matter how good or secure Bitcoin is, it's still a digital thing and anything can happen in the future.

So, as said by other users as well, diversification should be the thing to do. You should have all your wealth spread across multiple investment options, including cryptocurrencies, gold, stocks, bonds, or whatever else you can think about. You can also move into another country if you have enough wealth and invest in real estate there, some countries would even give you citizenship if you do so.

Smartprofit

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Quote from: Fullbear2222 on October 29, 2023, 09:21:06 AM

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, such thoughts occur to me too.

I see on the TV screen houses destroyed by shells (resembling broken human teeth). I see crowds of refugees who had real estate, but they lost all their wealth in an instant. And I have doubts that in the modern world there is at least something stable and reliable. Real estate has a price only in times of peace and in a country where laws are respected.

Otherwise, ownership of real estate is simply a fiction.

And I agree with you that cryptocurrency seems to be a more reliable investment. The Bitcoin blockchain is harder to destroy than a building.

And you have the opportunity to control the safety of your coins yourself, and not rely on the integrity of government officials.

coupable

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Quote from: icalical on December 05, 2023, 09:16:57 AM

Quote from: coupable on December 04, 2023, 12:23:47 PM

According to a report published by the timesofisrael website, it was recorded that house prices rose by 118% over a decade in the same circumstance that the government announced that there were 4 times more empty houses than before. This makes Israel one of the leading countries worldwide in empty apartments per capita. These figures, which show four times the number of empty apartments previously estimated, provide statistical explanations for those who see a link between the rise in foreign investment in Israeli real estate and the rise in Israeli housing prices. I do not exclude the phenomenon of money laundering, most of which is borne by the real estate market.
Therefore, Israel is a tourist and investment destination as well because its real estate market is booming and it is a preferred destination for foreign capital.

I doubt that's only happening is israel, such phenomena happened around the world. Real-estate especially housing is owned by only small amount of people and they let it empty because they put a very high price they house both for renting or buying it and it drive housing price to keep getting higher. While the middle and lower class keep struggling more and more to save money to meet the expected price by those real-estate hoarder. I have read from several years ago that housing bubble is about to burst but it hasn't happened until now.

In the discussion, we presented the Israeli example due to its specificity in comparison with the rest of the economies in the world, with their different fundamental characteristics. Israel is considered one of the most turbulent regions in the world, where aggression is exchanged with armed factions, whether inside Israel or in the occupied territories (Gaza and the West Bank) or disputes on the borders (southern Lebanon and the Syrian Golan). This means that it is a tense area in every sense, and it is logical that people are not encouraged to buy real estate there, and therefore their prices do not rise. Do you have an explanation for this phenomenon?

icalical

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Quote from: coupable on December 04, 2023, 12:23:47 PM

According to a report published by the timesofisrael website, it was recorded that house prices rose by 118% over a decade in the same circumstance that the government announced that there were 4 times more empty houses than before. This makes Israel one of the leading countries worldwide in empty apartments per capita. These figures, which show four times the number of empty apartments previously estimated, provide statistical explanations for those who see a link between the rise in foreign investment in Israeli real estate and the rise in Israeli housing prices. I do not exclude the phenomenon of money laundering, most of which is borne by the real estate market.
Therefore, Israel is a tourist and investment destination as well because its real estate market is booming and it is a preferred destination for foreign capital.

I doubt that's only happening is israel, such phenomena happened around the world. Real-estate especially housing is owned by only small amount of people and they let it empty because they put a very high price they house both for renting or buying it and it drive housing price to keep getting higher. While the middle and lower class keep struggling more and more to save money to meet the expected price by those real-estate hoarder. I have read from several years ago that housing bubble is about to burst but it hasn't happened until now.

DrBeer

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Quote from: coupable on December 04, 2023, 12:23:47 PM

Quote from: DrBeer on December 04, 2023, 11:10:15 AM

Quote from: coupable on December 04, 2023, 10:31:26 AM

Quote from: Jawhead999 on October 29, 2023, 09:34:16 AM

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.

It is not surprising that Israel is one of the most expensive regions for real estate because it is a tourist country and tourist activities always raise the value of real estate (perhaps this is not the case today due to the conflict with Hamas and Hezbollah), but it is difficult to explain the reason for the high cost of real estate in occupied Palestine, and I mean here. West Bank cities, even though it is an area of ongoing conflict.
In my opinion, the only thing that explains this is that the properties are owned by Israeli settlers who raise their prices so that no one can buy them, especially the Palestinians who own the land. Or that its owners are Palestinians who raise prices because there are Israelis who are always ready to buy with the aim of possessing as much land as possible. This applies to agricultural land just as it applies to real estate.

I beg to differ. And there are arguments for that.
1. the territory of Israel is very small
2. The density is very high
These 2 nuances form the HIGH price of real estate.
This price is high for the residents of Israel, and for people who want to buy there, regardless of nationality. Population density, according to the rating - 14 in the world ! I have my friends living there, several families, ages 30 to 45, and are still forced to live with their parents, because the price is very high. Mortgage loans are from 15 to 30 years, with mortgage interest from 3 to 5% (correct me if I'm wrong). While wages in Israel can not be called very high, provided that the cost of living - on the contrary, quite high.

Bottom line: No conspiracy against Palestinian real estate buyers, just such a market situation

According to a report published by the timesofisrael website, it was recorded that house prices rose by 118% over a decade in the same circumstance that the government announced that there were 4 times more empty houses than before. This makes Israel one of the leading countries worldwide in empty apartments per capita. These figures, which show four times the number of empty apartments previously estimated, provide statistical explanations for those who see a link between the rise in foreign investment in Israeli real estate and the rise in Israeli housing prices. I do not exclude the phenomenon of money laundering, most of which is borne by the real estate market.
Therefore, Israel is a tourist and investment destination as well because its real estate market is booming and it is a preferred destination for foreign capital.

Statistics are a beautiful thing, but...
Housing prices rise wherever there are attractive living conditions.
Empty housing is not synonymous with abandoned housing. People can buy a second apartment and rent the first one, they could move temporarily to another country, leaving this property as an investment, and this is the closest to reality.
Once again - the price of goods is formed by the balance of supply and demand. Even buying real estate, when the house is at the foundation level and buying an apartment in the same house but already launched in operation, you will notice that the price is different, and this is also logical.
I just wanted to say that your assumption "In my opinion, the only thing that explains this is that the properties are owned by Israeli settlers who raise their prices so that no one can buy them, especially the Palestinians who own the land." is somewhat out of line with reality. There is a market, there is demand, there is supply, there are other conditions (e.g. high density). the price in Israel is high for ALL, regardless of nationality, gender, religion, orientation

BRINIRHA

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That's why I avoid mortgages. Because it doesn't matter what our financial condition is or what conditions are happening in that area. We still have to fulfill our obligations to the bank. So if we are in a country filled with conflict or in an area that has the potential to have conflict in the future then we must avoid anything there. Not just mortgages but buying property and anything there will be very risky. It would be better for us to buy property in a comfortable and safe area, even though it has to be far from the city and crowds, so that's not a problem. I personally am also in an area where there are not many people here. not as dense as in big cities. And here everything feels safe. So continuing to buy property here is not a problem. But about mortgages, I don't want to even think about it.

Natsuu

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Well it all boils down in diversifying your assets. I hope I understand you correctly. It makes sense that you mean it is better better to give up mortgage property to the bank, letting them have it, instead of continuing to make mortgage payments? Yeah in the event of war, property might be at risk and holding wealth in cryptocurrencies could be a safer option but it depends. We should know our risk tolerance and our priorities and invest to different baskets.

AnonBitCoiner

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If your mortgage is at risk during war then it means that your life will be at risk too because in war everything ends and no one sees towards your mortage, your business or even your life. So if your life is also in danger during war then nothing can give you benefit neither a mortgage nor a bitcoin. Think completely about your investment because there is a risk associated with each and everything and you cannot get smooth and continues earning there will be some hazards must occurs in your life but you have to solve it instead of running away from it.

In your country bitcoin will be permissible but after war when you shift to another country and bitcoin is not allowed for transaction and investment there then what will you do? It will be better to set two or three business at once if possible because if once business cannot give you profit at a time then another can give you an earning ability to continue your life happily.

pinggoki

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I'll worry about that when the war's over and my family members are still alive and if in the worst case some if not all died maybe after the grieving. I don't mind living in asylum for refugees so property and stuff associated with owning a house isn't going to be a big problem, OP probably never been into war or was affected by it to say insensitive stuff like this so at the best forgive OP for this stupid transgressions.

poodle63

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Quote from: AmoreJaz on December 04, 2023, 06:49:46 PM

Quote from: Fortify on December 04, 2023, 03:06:37 PM

There's a few things wrong with your assessment. First off, if you're in a war where your home is getting destroyed then it's quite possible the banks in your country are in a war time economy and will barely be holding together the most basic transaction activity. They will be forced by the government not to charge people who have lost their homes in such a manner, or a competent government would set up a compensation scheme to held cover this emergency situation, if they cannot manage that then you are quite possibly losing the war. There's no chance that a population would accept such a situation and the government would fear an uprising if banks forced people to pay while facing ruin like this. There would likely be some sort of communal insurance fund set up to compensate people who have lost their home in the war, as most insurance operators would leave the market.

that is true, i don't think banks will be thinking of collecting the mortgage if your country is at war. also, after the war is over, they will be lenient as no one can easily recover unless, they have other riches stash outside of their country.
do take note that not all individuals have the capability or the interest to invest in this market. so you can't expect them to think about crypto when they are at war.
also, if you are indeed in the war zone, insurance, banks and all the other businesses may find it hard to secure their papers and all. just think that if one of the banks have been bombarded by a bomb. what do you think will happen to their clients' funds or assets?

probably such finance activity will be halted for a moment, and probably in the future when war finally ended the government will remove the interests and also try to give some relief to the citizens after all the sole reason why government exists in the first place is to give order and security even more so at times of war. if the people are entangled in debt because of war then that'd be such a sad state to be in, sacrificing for the country and get entagled in debts afterward I think there's always some special exception in every war aftermath that could help many to go and rebuild their economy, the government might go incentivizing people to help them build their financial as well help building the overall macroeconomic landscapes.
therefore i don't believe if after war, our home that we still need to pay mortgage, suddenly destroyed by the war aftermath we will held accountable at all.

AmoreJaz

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Quote from: Fortify on December 04, 2023, 03:06:37 PM

There's a few things wrong with your assessment. First off, if you're in a war where your home is getting destroyed then it's quite possible the banks in your country are in a war time economy and will barely be holding together the most basic transaction activity. They will be forced by the government not to charge people who have lost their homes in such a manner, or a competent government would set up a compensation scheme to held cover this emergency situation, if they cannot manage that then you are quite possibly losing the war. There's no chance that a population would accept such a situation and the government would fear an uprising if banks forced people to pay while facing ruin like this. There would likely be some sort of communal insurance fund set up to compensate people who have lost their home in the war, as most insurance operators would leave the market.

that is true, i don't think banks will be thinking of collecting the mortgage if your country is at war. also, after the war is over, they will be lenient as no one can easily recover unless, they have other riches stash outside of their country.
do take note that not all individuals have the capability or the interest to invest in this market. so you can't expect them to think about crypto when they are at war.
also, if you are indeed in the war zone, insurance, banks and all the other businesses may find it hard to secure their papers and all. just think that if one of the banks have been bombarded by a bomb. what do you think will happen to their clients' funds or assets?

Fortify

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Quote from: Fullbear2222 on October 29, 2023, 09:21:06 AM

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.

There's a few things wrong with your assessment. First off, if you're in a war where your home is getting destroyed then it's quite possible the banks in your country are in a war time economy and will barely be holding together the most basic transaction activity. They will be forced by the government not to charge people who have lost their homes in such a manner, or a competent government would set up a compensation scheme to held cover this emergency situation, if they cannot manage that then you are quite possibly losing the war. There's no chance that a population would accept such a situation and the government would fear an uprising if banks forced people to pay while facing ruin like this. There would likely be some sort of communal insurance fund set up to compensate people who have lost their home in the war, as most insurance operators would leave the market.

milewilda

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Quote from: Fullbear2222 on October 29, 2023, 09:21:06 AM

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.

This is something that you do need to think if you are really that living into a war prone kind of country on which it would really be normal that you would really be thinking about those things and probabilities
but if you are someone who had been living on a place or country on which war isnt something that could happen then you would really be that confident on having those mortgages on which it is something that
make ourselves that be able to own a property. Who doesnt really want on buying up something specially their own house or other similar investment?

If ever you are living on a country which war is something that could happen then i do believe that there might be some chance that you could really be able to make some counteract
if ever your house is been destroyed because of war. I dont know on such processes but it would be impossible that they would be forcing you to pay on a mortgage
that is something that you cant really be able to live with.

coupable

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Quote from: DrBeer on December 04, 2023, 11:10:15 AM

Quote from: coupable on December 04, 2023, 10:31:26 AM

Quote from: Jawhead999 on October 29, 2023, 09:34:16 AM

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.

It is not surprising that Israel is one of the most expensive regions for real estate because it is a tourist country and tourist activities always raise the value of real estate (perhaps this is not the case today due to the conflict with Hamas and Hezbollah), but it is difficult to explain the reason for the high cost of real estate in occupied Palestine, and I mean here. West Bank cities, even though it is an area of ongoing conflict.
In my opinion, the only thing that explains this is that the properties are owned by Israeli settlers who raise their prices so that no one can buy them, especially the Palestinians who own the land. Or that its owners are Palestinians who raise prices because there are Israelis who are always ready to buy with the aim of possessing as much land as possible. This applies to agricultural land just as it applies to real estate.

I beg to differ. And there are arguments for that.
1. the territory of Israel is very small
2. The density is very high
These 2 nuances form the HIGH price of real estate.
This price is high for the residents of Israel, and for people who want to buy there, regardless of nationality. Population density, according to the rating - 14 in the world ! I have my friends living there, several families, ages 30 to 45, and are still forced to live with their parents, because the price is very high. Mortgage loans are from 15 to 30 years, with mortgage interest from 3 to 5% (correct me if I'm wrong). While wages in Israel can not be called very high, provided that the cost of living - on the contrary, quite high.

Bottom line: No conspiracy against Palestinian real estate buyers, just such a market situation

According to a report published by the timesofisrael website, it was recorded that house prices rose by 118% over a decade in the same circumstance that the government announced that there were 4 times more empty houses than before. This makes Israel one of the leading countries worldwide in empty apartments per capita. These figures, which show four times the number of empty apartments previously estimated, provide statistical explanations for those who see a link between the rise in foreign investment in Israeli real estate and the rise in Israeli housing prices. I do not exclude the phenomenon of money laundering, most of which is borne by the real estate market.
Therefore, Israel is a tourist and investment destination as well because its real estate market is booming and it is a preferred destination for foreign capital.

DrBeer

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Quote from: coupable on December 04, 2023, 10:31:26 AM

Quote from: Jawhead999 on October 29, 2023, 09:34:16 AM

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.

It is not surprising that Israel is one of the most expensive regions for real estate because it is a tourist country and tourist activities always raise the value of real estate (perhaps this is not the case today due to the conflict with Hamas and Hezbollah), but it is difficult to explain the reason for the high cost of real estate in occupied Palestine, and I mean here. West Bank cities, even though it is an area of ongoing conflict.
In my opinion, the only thing that explains this is that the properties are owned by Israeli settlers who raise their prices so that no one can buy them, especially the Palestinians who own the land. Or that its owners are Palestinians who raise prices because there are Israelis who are always ready to buy with the aim of possessing as much land as possible. This applies to agricultural land just as it applies to real estate.

I beg to differ. And there are arguments for that.
1. the territory of Israel is very small
2. The density is very high
These 2 nuances form the HIGH price of real estate.
This price is high for the residents of Israel, and for people who want to buy there, regardless of nationality. Population density, according to the rating - 14 in the world ! I have my friends living there, several families, ages 30 to 45, and are still forced to live with their parents, because the price is very high. Mortgage loans are from 15 to 30 years, with mortgage interest from 3 to 5% (correct me if I'm wrong). While wages in Israel can not be called very high, provided that the cost of living - on the contrary, quite high.

Bottom line: No conspiracy against Palestinian real estate buyers, just such a market situation

gunhell16

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If the land that you say you bought, as far as I know, we still have to pay the amelar there every year, but if it is not fully paid, we have nothing to do, but we still have to pay it until we pay it in full, of course.

There is also nothing in the contract that says that if the house we built is destroyed by the war but the land is still there, we still have the responsibility to pay for the mortgaged land. And crypto investment is another matter.

coupable

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Quote from: Jawhead999 on October 29, 2023, 09:34:16 AM

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.

It is not surprising that Israel is one of the most expensive regions for real estate because it is a tourist country and tourist activities always raise the value of real estate (perhaps this is not the case today due to the conflict with Hamas and Hezbollah), but it is difficult to explain the reason for the high cost of real estate in occupied Palestine, and I mean here. West Bank cities, even though it is an area of ongoing conflict.
In my opinion, the only thing that explains this is that the properties are owned by Israeli settlers who raise their prices so that no one can buy them, especially the Palestinians who own the land. Or that its owners are Palestinians who raise prices because there are Israelis who are always ready to buy with the aim of possessing as much land as possible. This applies to agricultural land just as it applies to real estate.

Argoo

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Quote from: inthelongrun on November 08, 2023, 07:49:29 AM

Yes, you can sell your property or return it to the bank if you are expecting that war will rage your place. But you also have to take note that you will be losing part of your investment when selling or returning it to the bank. The open market, especially the bank are experts in assessing properties including an upcoming war so they will definitely take a huge chunk of value to your property.

Imagine paying a portion of the property and then only to find out that its value is like nothing already. It is for you to decide. After the war, you still won the property if you continued paying for it. And in case of a war, banks will of course pause the payments so there will be no penalties. So it is for you to decide since you are more familiar with your place and its situation.

Wars, as a rule, begin unexpectedly, or there is not enough time to alienate one’s property in a dangerous zone, or it is no longer possible to do this for a number of reasons. Therefore, the majority of the civilian population in any case suffers from the destruction of their real estate by war.

Now in Ukraine, the Russian army is destroying 90 percent of the majority of settlements that it conquers. Civilians can't do anything about it. It is impossible to sell your property in a combat zone because no one is buying it, given the too great risk of its destruction in the future.

Topic: War and property mortgage you still need to pay If war destroy your Property (Read 583 times)