After the R-rate has dropped, what is your R-plan to rise?
COVID has driven us to a monstruous recession that will last 2 to 5 years.
What is your recession pack/plan for youself?
I am banking on:
- putting all my saving towards my mortgage
- losing my job within 2 years, without the package I would have gotten 2 years ago
- finding another job in under 3 to 12 months, living on 2 years of savings
- selling my property in 5 years, by breaking even on what is left on the mortgage (no profit but no loss except a huge rent for the past 20 years...)
Not too bad if that's the worst of it.
That's plan A.