Cash will be king and responsible savers and investors will be able to invest at rock-bottom prices.
Just like the Great Depression. The 25% unemployment rate was a drag, other that that.....
Unless their investments decline in value with a real-estate fueled depression...I think that’s what RC was getting at.
I assume you’re counting on FDIC for that cash, because the sort of price collapse you’re talking about will lead to a lot of bank failures.
“Cash will be king and responsible savers and investors will be able to invest at rock-bottom prices.”
That’s why I never keep more than 2 months cash in a bank account, that I can afford to lose.
I’ve never borrowed to buy anything but one home and that mortgage has been paid off for over 15 years, everything else I took my upbringing to hart that if you don’t have the cash to pay for it you don’t need it.
That included an airplane that I saved for yesrs for the $64,000 I paid for it.