The US dollar could be ousted as the world’s reserve currency as more and more countries move away from using a dollar-backed standard for trade. This could lead to an economic domino effect causing more inflation and a difficult domestic economy. But what will this do to the housing market? How will investors be affected, and will this global move put downward pressure on the US economy? Welcome back to another Seeing Greene where your “this is just my opinion” host, David Greene, shares his take on economics, lending, investing, and where to find cash flow in 2023. This time around, David touches on topics like flipping vs. BRRRRing and which makes more sense with high mortgage rates, why using a HELOC to invest in real estate could be risky, what to do when your rental won’t cash flow, and how to turn a troublesome rental into a fully-occupied cash cow. Want to ask David a question? If so, submit your question here ( so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! ~~~~ Join BiggerPockets for FREE 👇 ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: ~~~~ Find an Investor-Friendly Agent in Your Area: ~~~~ Ask David Your Real Estate Investing Question: ~~~~ BiggerPockets Resources From Today’s Show: Bootcamps: Lenders: Webinars: ~~~~ Past Episodes Mentioned in Today’s Show: Seeing Greene 750: Jessie Dillon on The “Real Estate Rookie” Podcast: Joe Asamoah’s Section 8 Rentals: ~~~~ Proof That David Greene Has Legs! ~~~~ Subscribe to David’s YouTube Channel: ~~~~ Connect with David on BiggerPockets: David: ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or @biggerpockets or Episode #762 Show notes at: 00:00 Intro 01:33 Quick Tip 02:44 BRRRRing vs. Flipping in 2023 08:17 The Destruction of the US Dollar 14:10 The Problem with Using Your HELOC 17:35 Questions from the Comment Section 25:09 How to Get Pre-Approved When Self-Employed 32:57 Selling a Property for MORE Cash Flow 38:18 Real Estate Side Hustles 40:37 No One Will Rent My House! 44:13 Stick Around for More Seeing Greene!...(read more)
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The United States dollar has been the dominant currency in the world for decades, but recent economic and political changes have raised concerns about its future. While the prospect of a declining US dollar is alarming for many Americans, it could have major implications for real estate. A weaker US dollar means that foreign investors will have less incentive to put their money into American real estate, since the value of their investments will decline with the dollar. This could lead to a decline in the demand for US properties, leading to lower prices and a slower pace of home sales. On the other hand, a weaker dollar could make American real estate more affordable and attractive to foreign buyers, particularly those from countries where their currencies have remained strong against the US dollar. In some cases, this could lead to increased demand for US properties and higher prices. Another possible outcome of a weaker dollar is increased inflation, which could make borrowing more expensive and put a damper on real estate sales. Higher interest rates would also make it more difficult for buyers to obtain financing for their purchases, leading to fewer real estate transactions. In addition, a weaker US dollar could also lead to greater volatility in the stock market, which could have ripple effects on the real estate industry. Uncertainty in the stock market might lead to more investors choosing to put their money into real estate instead, but it could also lead to a decrease in overall spending and economic uncertainty. Despite these potential challenges, there are also opportunities that could arise if the US dollar continues to weaken. For example, American buyers may find it easier to purchase properties abroad, particularly in countries where their currency is stronger. Weakening real estate markets in other countries could also make American properties more attractive to foreign buyers. In conclusion, the fate of the US dollar is still uncertain, but it is clear that a weaker dollar could have significant effects on the real estate industry. While there are potential challenges, there are also opportunities for savvy investors to take advantage of market shifts. Time will tell whether the US dollar will continue to reign supreme, or whether it will be toppled from its throne. https://inflationprotection.org/real-estate-implications-of-the-potential-fall-of-the-us-dollar/?feed_id=105071&_unique_id=647f9fca14a04 #Inflation #Retirement #GoldIRA #Wealth #Investing #biggerpockets #biggerpocketspodcast #bricscurrency #dedollarization #deglobalization #dollarreservecurrency #economy #fed #federalreserve #HELOC #homeequitylineofcredit #homeprices #housingmarket #housingmarketcrash #howtoinvestinrealestate #hyperinflation #inflation #Inflation2023 #interestrates #investingforbeginners #mortgagerates #newcurrency #Podcast #realestate #realestate101 #realestatemarket #seeinggreene #usdollar #useconomy #usd #SelfDirectedIRA #biggerpockets #biggerpocketspodcast #bricscurrency #dedollarization #deglobalization #dollarreservecurrency #economy #fed #federalreserve #HELOC #homeequitylineofcredit #homeprices #housingmarket #housingmarketcrash #howtoinvestinrealestate #hyperinflation #inflation #Inflation2023 #interestrates #investingforbeginners #mortgagerates #newcurrency #Podcast #realestate #realestate101 #realestatemarket #seeinggreene #usdollar #useconomy #usd
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