The only thing that does not make sense is the “weak dollar” comment. Weak compared to what currency? Not Euro, pound, yen or yuan, at least since the Eurocrash.
The Loonie.
You better look again.
It only takes 78 yen to buy one dollar, which makes the yen quite strong. Indeed, the Bank of Japan spent years and much money intervening in the markets to keep it above 100 yen.
Speaking of which, there's been recent talk of more intervention (and possibly innovative means for the intervention rather than the very successful pile-driver approach that has been used in the past) to drive the yen down:
Maybe, as money flees Europe to the “safety” of the USD. That will only be temporary as the US collapses under the weight of it`s own debt and then the ones who bought USD will regret their move.
Real Estate in the USA in some places has dropped by 60%.
That`s nothing. There are still 7 Million outstanding foreclosures to come.
I would wait another year or so before buying real estate when foreclosures resume and it gets worse for the USA.
THEN I`ll buy a nice place somewhere in Arizona/Nevada for pennies on the USD :-)