Topic: War and property mortgage you still need to pay If war destroy your Property - page 2. (Read 503 times)

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.

It is understandable for governments and lenders to be more lenient towards borrowing countries who are unable to make their mortgage payments due to the hardships of war. War can cause significant disruption to people's lives, and it is unreasonable to expect them to prioritize debt payment over their immediate needs for food, shelter, and medical care. In many cases, governments and lenders will offer temporary measures to help borrowers cope with the challenges of war. These measures can provide borrowers with breathing room and help them to get back on their feet once the war is over.

In the case of government-backed mortgages, probably the government will be willing to waive or reduce the debt. This is because the government has a vested interest in ensuring that its citizens are able to rebuild their lives after the war. For private mortgages, the situation is more complex. Private lenders are generally bound by the terms of their contracts. In some cases, private lenders may even consider taking a loss in order to avoid seizuring on a property that is destroyed by the war.

Wow I think this is a good idea based on your interest for cryptocurrency. In time of war, we all know that anything can happen and we might even lose the book or file where we keep our wallet information. War is not something we thing to talk about our expect because the damage can be even worse than the ordinary thing we ever thought about. It is good to invest in cryptocurrency but that does not mean that we are not going to own a property or buy our favorite cars when we have the funds to buy whatsoever we want.

I just think that everything has certain risk as your property can be destroyed by war so cryptocurrency can also become less valuable instead of its untouchable feature. Although there is a risk with property to be destroy during war so it does not means that if you are selecting crypto then it will be present through out the life. Don't get fear due to risk but try to focus on reducing risk and find a solution because there always an issue in every way so solving issue can only minimize your loss.

If you are in fear that your money will be lost which you have spent on property due to war then try to move away from that places where there is a possibility of war so your property and you both will be saved. War can also impact your bitcoin investment and life has no guarantee so if bitcoin holders dies then he will not take his bitcoin with him and his family will also not use this bitcoin as its a digital money and it requires key information which is not accessible for everyone.

You think that crypto is untouchable during a war situation because it's not a physical commodity/goods, but wait till you lose assess to where you kept your PKey or Passphrase. Of a truth, this is more likely to happen during wars as people are fleeing their homes for safety and can easily drop or forget stuff like that.

I'm not really sure I understand what you meant there. If by any chance you meant to reveal to your bank that you owned cryptos, that will be a bad idea.

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Summarily, during wars, people think more of their safety and survival than business.

It depends on where we live, if we live in a country that is not a war zone, isn't owning a house better than renting?
That might also be a good idea, but you also have to think about other factors too. The most important thing here is the cryptocurrency investment point. And it's also best not to go all in on crypto, if something happens that endangers crypto, this will also have a big impact on us if crypto is our only savings. Diversification is the best.

Expecting a foreseen future is appreciated, but in my opinion, you should be more optimistic rather than blame your own government. If it's a war-prone area, then my bad; I don't have any clue about that situation. In those areas, people who have stable governments, economies, and social conditions should get rid of this mindset. Don't you think it's a really stupid idea to put your whole or a major part of your share in one investment option? Let me be clear here: even if it's the least risky and highest return, you have to avoid this kind of strategy, and don't you see the future of crypto currencies even when you can foresee it in your own political system?

I don't think there is a rule of law guiding that but perhaps there some in some countries that experience war, I don't think a country that has long gone into war (after wwII) will have that in mind but just as you have said, when if it is the government that mortgage out the property and later experienced war, they might reduce some money or even forget about because in serious war, there could be casualties and you don't expect people that are mourning to come pay you, Isn't that what the government was form for? at least have some sympathy. However, if it was a company and there is an agreement, I don't think they might want to let go but incase they sue you to court, the judge will cannot be harsh on the person, nobody pray for war isn't.

@OP In war, the most precious thing people look out for is food, house and medication, people that are affected by war don't need investment, they need how to survive. The only place investment comes is after the war has stop or maybe before the war, that's the only best way you can advice any person for investment.

Owning cryptocurrency does not give you safety from war. The first thing you need to seek is safety of your own. If you are not around to be in the future then owning property or cryptocurrency does not mean anything. It's a risk that you have to take if you are facing a war. Your device, your data and everything that you own could get destroyed in a war. If there's a potential that your country will get into war or is already in a war, then it is wise to have something that you can carry to any place. I think this is where cryptocurrency could play a major role. Other than that putting everything into one investment or saving is foolish.

Life is uncertain and anything could happen at any time. We cannot see the future but can prepare for it. If you think that someday what will happen and you don't want to expand your investment into other things then you can never grow. I always say this and I will say it again, when you have the option to choose both then why should you stick to only one? Investing into only one thing makes it more risky and anything happening to that investment could lead to losing everything.

Depending on the situation, cryptocurrency could be your best choice. But if the situation is not bad then you should consider investing in multiple sector to improve financial condition and get more profit.

Ah yeah, the good old " diversification ", so that when one fails we still have the other. The only advantage of investing a property on riskier areas is that their price could be cheaper but who knows right?

Maybe something better can happen on that area soon like it will be free from wars. That is also the time that our investment can rise high and can now be ready for selling. Properties which are free from big risk, can cost a little higher but it is still possible to recover our capital and make profits on it as long as we know how to patiently HODL. We can also choose to build something under it. Don't worry, as wars are less likely to occur in that zone.

Just consider it as a lost if your property has been destroyed in war since for sure no one will take charge to pay those damages after the war that's why we can consider it as a huge lose in our side. If this incident will happen then we can't do anything with it, that's why its important for us to have multiple source to roll out or gain some better profit that can help us out on critical situations. Maybe bitcoin is really a best to have for sort of security but we should not put any huge amount in one investment only since we might lose all of it if somethings fail to come up.

Better invest on other assets like gold or even other more property away from conflicted cities so that people can handle the current issues and crisis what people facing on.

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.

If you are in a country filled with conflict that could endanger our property, such as war or something like that. So of course it would be better if we transferred our wealth to things that we can carry freely wherever we go. Storing it in Bitcoin and stable coins can indeed be the right choice in a very critical situation such as during a war. But if we live in a peaceful country and far from all conflicts. So I prefer to maintain my ownership in more property. And the rest in Bitcoin. So this will depend on the situation and conditions where we live. It depends on the comfort and safety of where we live.

Although I would like to own a house because of the cost of accommodation in my location. Property tax in my location is low and maintenance is also cheap. But I would prefer to keep my money in Bitcoin to avoid the dramas of banks and the government. But diversifying your income is important and real estate is a good business. I would prefer to keep my investment in Bitcoin and other sectors but in a period of war, bitcoin will be the perfect choice. It will be easier to flee with, exchange or sell. With just a piece of paper, you can hold millions and with just a click you can sell some.

Nobody expected that Russia would invade Ukraine and Libyans never thought that their beautiful country would become unstable because of war. Conflict or war is unpredictable so we cannot be sure of our property investment. There are tribal and religious wars going on in my country and it has destroyed many properties and people are selling off their properties at very low prices. Another problem with landed properties is the increase in the occurrence of natural disasters. Landed properties are not low-risk investments like they used to be.       

I think that the only way of protecting your property is buying and hodling bitcoin. The only property that in fact you can own and take it to any part of the planet is bitcoin. The world is suffering a coletivism epidemy, which is a really path to the war. Even a pacific country is not safe for suffering the damages.

Maybe that's the way it was back then. However, there are nuances:
1. In 2013, Ukraine's president was pro-Russian Yanukovych, who was not going to join the EU or NATO.
Moreover, in early 2014 he fled Ukraine after the people of Ukraine expressed distrust in him due to his sharp turn from the vector of improving cooperation with the developed progressive world to the vector of degradation of Ukriana at the expense of "strengthening ties with Russia".
I would love to hear your version ! This incidentally became one of the reasons for Russia's attack on Ukraine in 2014 - because what happened in Ukraine was not acceptable, for the Kremlin authorities, an example of how the people of the country show their will and exercise their legal right against usurpation of power and totalitarian actions.
2. In the EU at that time a noticeable part of politicians, and first of all in Germany, as the leader of the EU, sat bribed Kremlin bedfellows, such as Merkel, who did everything only to leave the monopoly influence of Russia in the EU, and save Russia from deserved punishment. And held back any sanctions against the terrorist country and aid to Ukraine until 2021. That's a fact, I agree.

And what does Gaza have to do with it if the conversation was about Ukraine ?
The situation there is really the opposite - Israel is a victim of a terrorist attack, so don't manipulate !

do you not understand international politics at all
a decade ago UN/EU said no to ukraine joining the EU/nato purely because of the eastern region. saying if ukraine parcelled off the land as a independent state then central/western ukraine can be fast tracked into EU/nato.

do you not understand that compensating or doing charity to all the displaced people keeps them from coming back to claim the land. and instead whomever takes the land can sell it off to new people for profit. its been done in africa, middle east and many places.. most wars are just a land grab/displacement to change ownership, not a cultural intolerance of neighbouring states

take the Gaza area.. media promote thats its a religious war. in realily its a land ownership dispute

There is a rule. It is called "foot voting".

then be sure to get your property covered by insurance its simple, war is a disaster, you can't avoid it if you're in region of war meanwhile you also need property to live, its basic needs. there's nothing you can do in this case other than ensuring that you got what it takes to keep your wealth from plummeting from this disaster.

investing in cryptocurrency might be one way to do that but as always, have your basic needs fulfilled first then talk about investing because many times people outright fail in their investment due to having limited time to invest because they can't have their basic needs fulfilled therefore forcing to cut lose the investment therefore if you can't fulfill your basic needs first never think about investing.
thats just my opinion though you can definitely work around that if you have creative minds, but investing definitely require strong foundation.

Do you really not understand the difference between capture/occupation and investment?

Russia has already occupied part of Ukraine, and at the same time brought “Russian investments” - permission from hundreds of cities and villages, the death of hundreds of thousands of people, the mutilated fate of millions of people...
The West, when investing, is certainly not altruistic. They plan to restore cities, villages, regions, plants, factories and much more destroyed by the Russians. This is normal mutually beneficial cooperation. Try to understand the essence of these concepts, life will be more interesting

PS It’s good that the Ukrainian Armed Forces are liberating the territory of Ukraine from the Russian brown plague called “RASHIZM”