Sun, 13 October 2013
Because the US dollar is the reserve currency of the world, what happens in Washington DC and at the Federal Reserve has a big effect on the rest of the world.
Likewise, how the world responds to Washington and the Fed affects the strength of the US dollar, which in turn affects interest rates. And interest rates affect real estate investors.
How will it all play out? While a traditional default is unlikely, it's very likely the debt ceiling will be raised and the dollar will continue its slow and steady slide.
When you're buying a property and getting a loan for the long term, the long term direction of the dollar creates both challenges and opportunities every real estate investor should be aware of.
Direct download: Government_Shutdown_and_Debt_Ceiling_Debate_-_Ramifications_for_Investors.mp3
Category:podcasts -- posted at: 6:00pm PST