I don't understand why you say "tread carefully"... when it's the bank bearing all the IRS cost. Plot any LIBOR curve, and you'll see that the bank is the one to lose here. Banks are fighting for customers, and cheap loans and mortgages is the game they are playing. I could go into more detail, but given that I have a 12 month DSRA account in place, I'm quite happy with the investment.
> but given that I have a 12 month DSRA account in place, I'm quite happy with the investment.I guess we have different views on how we perceive risk. But that is ok.
But you're right, the OP definitely needs to tread lightly with property and the contracts. The devil is always in the details.
Now sure there are a number of people who don't report and those who wish to work more. But I don't think it's going to be easy to get those people back into work. Most are either in industries that are disappearing due to automation. Or they lack the skills/training to re-educate themselves.
And without tariffs (which will impact exports) there is little chance of US being all that competitive in most industries that compete with Asia (I assume you actually mean China).
That's close to 10 million people who have stopped looking for jobs who we would otherwise expect to have them.
http://qz.com/286213/the-chart-obama-haters-love-most-and-th...
(clickbaity headline, but the contents seem sound)
http://www.econtalk.org/archives/2016/11/erik_hurst_on_w.htm...
Brexit, Trump, EU sentiment, China trying to deal with their own problems, they're all pointing to the same way: devalued currencies. Where they start, rising interest start to follow.
I'd also be wary of assuming commercial real estate was a lock-in. I've heard horror stories.
I'm glad it's working for you right now, I'm just saying: make sure you tread carefully and have done your research before you start gearing up.