Topic: War and property mortgage you still need to pay If war destroy your Property (Read 587 times)

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.

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.

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.

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.

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?

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.

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

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.

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.

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.

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.

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.

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?

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.

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.

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 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

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.

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.

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.

---

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”

im currently reading into the blackrock/JP morgan deal being done to INVEST in reconstructing ukraine.. seems its the americans wanting a land grab, not the russians

I also make my own choices, and although I don't completely devote all my assets to bitcoin (crypto), I understand some of the potential and problems it can solve. It can be seen that the current context is very different, controls on the economic system by the government can force an investment to death, or manipulation of opinion distorts the truth. Even with the issue of bitcoin, there are still powerful people who want to inhibit its development, but we are the people who understand the freedom and equality that bitcoin brings. I'm not sure if I'm making a mistake or not, but in the past, I really misunderstood some countries about their toughness on a global scale, only when I encountered and experienced it firsthand. Experiencing those things, I can see the fake faces of those who hold power for profit (or rather, hatred).

That's exactly why I invest into bitcoin, it's always going to be the best one and I do not think that people could ever realize how big and great it could be, and should be realizing that they are not going to end up with a greater result at all. I get that it may not be all that simple to see, but we need to realize that life is not all that simple.

We should be considering the situation a little different in the end, and we need to realize bitcoin is above all other assets that you can invest, because it gives you a freedom to be off the grid and not ruined by governments. Anything else could be ruined by nations and governments, whereas bitcoin can't be and won't be because it's decentralized and can't be changed all that much. We need to make sure that we know the power of it, and invest long term because of that, I do, I think I am making a great decision by putting all my investment into bitcoin and could consider it doing a lot better.

War is bad, and if the economy is bad, it can contribute to the price decline of Bitcoin and some other cryptocurrency that you might have your money on. For those who like to invest in altcoins, if such a project fails during war, that means your asset is gone. Also, what if, in the process of running because of the turmoil caused by the war, you could not reach the location where you kept your wallet private key? Then it can be said that war has destroyed your asset because you will never gain access to your wallet unless you have your private keys. War can destroy many things. coincidental, it could be your private key or hard-ware wallet that gets diatroyed.

This is why diversification is the key on your investments and properties. I personally wouldn't invest on properties that are located near conflicted territories because the value of the properties will obviously depreciate, plus there is a huge possibility that the property will be destroyed or damaged when conflict arises. Better invest on properties that are far from these hotspots, and don't build something on it, just buy it as a parcel of land and wait for its value to appreciate.

Indeed, the legislative framework says that: responsibility for real estate under a mortgage agreement remains with the owner of the property. Including in the case of destruction of housing during hostilities, which on the one hand is force majeure, but does not relieve the borrower of financial responsibility. Yes, in this situation the creditor (during martial law) does not have the right to charge penalties and fines. At least this is how it works in my country, which was subjected to a wild terrorist attack from Russia, as a result of which hundreds of thousands of apartments and houses of Ukrainian residents were destroyed.
But ! We have 2 options to solve the problem:
1. Real estate insurance, which allows you to receive compensation in case of destruction of housing
2. Ukraine has launched a state compensation program for destroyed and damaged housing, which will be a good help for people who have lost their property as a victim of Russian terrorism.

UPD. There is one more subtle nuance - if the real estate was seized by the occupiers, and a “transaction” was made to sell the real estate within the framework of the legislation of the country of the terrorist (Russia), then this transaction, after the liberation of the occupied territories, will be canceled, without any compensation to the “buyers-occupiers” ". This applies to the territory of temporarily occupied Crimea, and the territory of sewers such as the LPR/DPR. Those. people will take possession of the real estate that belonged to them before the occupation

I don't know where you live, but in most normal countries properties under mortgage are insured against such risks.
I don't know about any banks, that will give mortgage loan to anyone, when the house/apartment doesn't have insurance.
The property insurance must include risks like floods, earthquakes, fire, etc. I don't know about the insurance companies including wars in the insurance policy, but there must be such coverage for sure.
I'm no expert in laws, but i think that a war can be considered a "force majeure" event, which can be used to break contracts, including mortgage loans.

Fortunately, today we have many ways to protect our assets, and bitcoin is an option that I always believe is great. I have had some experiences and been in contact with a number of people in places where there had previously been complicated conflicts (in Vietnam), a former soldier once shared with me that at a time when the conflict just ended and when the US withdrew its troops from Vietnam, there was a lot of chaos about the asset transfer process. He shared with me that at that time their people were very poor, only a few were able to accumulate wealth but could not carry it with them because of the chaos at that time, and the way they protected it was to bury it all. All that wealth goes into the ground, and it will come back for it when things settle down again.

Returning to the story of the conflicts going on now, because we may live in a more stable place, we cannot understand the feelings of the people there, but I know that keeping our lives alive can be difficult. Obtaining support for food, fuel, medical equipment, etc. is always a top priority. Assets such as money, houses, gold, cars,... are almost worthless because they cannot solve the problem they are facing.

  I think that if it is mortgaged to the government and you have to pay it no matter what happens to your land or property, if there is a war and it affects your property, causing it to be damaged, you have no choice but to pay it anyway.

  Or, depending on what was written in the terms of the agreement at the time you mortgaged it, Maybe if your property is insured, you can recover the cost of the damage caused by the war to your property from your pledge if it is included in your terms of agreement. But usually, it is not covered by insurance, especially if it is damaged in war.

But there are other things like this situation you may see anyway here's the link below
https://ti-ukraine.org/en/news/money-or-housing-certificate-compensation-for-property-destroyed-by-war/

Getting a mortgage in a country that is more likely to get into conflicts means interest rates are high as the bank or whoever is financing has to take the risk involved and depending on what terms and conditions one signs up for, I want to believe that these loans can follow you if system doesn't break.

But should the war tear through peoples livelihoods... I think these might be written off as bad debts unless they can find the people they gave the money... otherwise high rates should compensate for the uncertainties that are to come.

Forgot about insurance, but it means the lender pays high premiums for them to claim on such, but what's the possibility  that they would not pay for damage caused by war like they don't for the so called "act of God "

Maybe this is quite good advice for some people who live in countries experiencing conflict because currently cryptocurrency is considered a fairly safe currency and can avoid the threat of war and is also known to have quite high potential. So this is considered an effective and solution to securing your assets.

However, not for me, because I live in a country that is quite safe and not currently experiencing conflict, so it would not be wise if I had to invest all my wealth in crypto or other similar currencies. Because I still have the opportunity and opportunity to build and develop a more profitable business. So for now I only set aside part of my money to be able to invest in crypto, while for the other part I choose to invest in other fields or create personal economic independence by building a new business.

Once again, what you said is a pretty good solution, but due to different conditions, this cannot be accepted and implemented by everyone.

You are comparing two opposite things. Crypto is something you own but the mortgage or generally debt is something you owe.

---

Not really though, in most of cases the asset is under mortgage and will be insured by the lender so they can claim for the loss if needed and it really depends on what you are agreed when signing the contract. In some parts of the world, natural calamities/war or anything that destroyed the property that is still under mortgage has to be paid by the borrower no matter what.

I think for now I don't need to bother doing that and sell all the assets and property that I own and put them into stablecoins or BTC, I think that this is something that is too excessive. However, currently several countries, especially Europe and the Middle East, are experiencing quite tense conflicts that pose extraordinary threats to the world of trade and the economy.

However, you need to know that I live in Southeast Asia, which is considered to be the safest region from war conflict, so the economic and trade conditions are different from countries currently experiencing conflict. and even the prices of assets and property where I live almost every year experience price increases, especially immovable assets, such as houses and land

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.

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.

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.

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.

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.

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.

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.

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.

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.

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!

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.

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.

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.

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.

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 )

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.

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.

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.

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.

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

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

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.