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.
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David:
This is the BiggerPockets Podcast, episode 762. I don’t know that I’d say it’s apparent that the dollar will no longer be the world’s reserve currency, but it is moving in that direction and I’ve been talking about this for years. So we’ve known that inflation’s going to be a problem since before COVID, especially during COVID. We’ve known that we’ve printed so much of our money and America’s position within the global market has weakened to the point that other countries don’t feel like they have to keep the dollar as the reserve currency. If the world stops using the dollar as the reserve currency, there is a very high chance that money that is in other countries is going to flood back into our country.
What’s going on everyone? It is David Green, your…