Ray Dalio-Collapse of the US Dollar
I should start by saying that I am not an economist at all but for this same reason is that I feel the need to educate/inform myself on what other really smart people are saying about the US economy. Back in 2016 I purchased my house for $65K from a probate. At the time the house was appraised for $110k. It is now worth $160K through forced and natural appreciation. My plan was to sell it by the end of 2020 and wait for the housing market to crash or at least soften up a bit. I was basing my strategy off of J. Scott's recommendation to save up cash because everyone knows that "cash is king" during a down turn right? BUT what if this down-turn is no ordinary down turn like billionaire Ray Dalio is preaching??? Ray Dalio is saying that actually, "cash is trash" because what is coming is not merely a market crash or a housing market crash, what is coming is the collapse of the US DOLLAR. I'd love to hear everyone else's thoughts on this and what implications a devaluation in currency has on the housing market?