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Investing in Real Estate with Clayton Morris | Investing for Beginners

1039: Q&A: Should I Sell My Overvalued Property? - Episode 1039

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

How To, News, Education, Business News, Business, Investing

4.41.1K Ratings

🗓️ 1 April 2024

⏱️ 23 minutes

🧾️ Download transcript

Summary

A recent Forbes article recently ranked Lubbock, Texas as the most overpriced housing market in 2023. The data showed that every home sold in July 2023 sold above its asking price. Today's first caller asked what this means, and wondered if investors should consider selling instead of renting their properties in this market. We're going to dive into this topic on today's show!

This Q&A episode features three great questions on renting vs. selling in an overvalued market, how to use a VA loan to buy rental properties, and how to turn a paid off home into a performing asset. Click play to hear my answers to your great investing questions!

Transcript

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0:00.0

Well, we just got our clearest sign yet that the US dollar is about to lose its reserve

0:09.8

currency status, the standing in the world by which all transactions, of course, are carried

0:15.1

out in U.S. dollars.

0:17.1

Well, we just got an amazing report over the weekend about the U.S. interest that is set to hit 1.6 trillion by the end of the year

0:26.1

making it the largest US government outlay. Think about that. The United

0:30.2

States government now spends more on the interest payments on the debt than anything

0:37.4

else in their budget.

0:40.2

More than all of the wars that the United States Government funds around the world, which is over nine right now.

0:46.7

We just agreed to send an additional couple thousand pounds of ammunition and bombs to Israel. Of course we are actively funding what's happening in Ukraine, then in Yemen,

0:58.4

then in Syria, actively funding what's happening in Haiti.

1:02.8

So just think about that for a second.

1:04.8

The debt alone is one thing.

1:08.5

The interest payments on that debt

1:11.2

is where we are set to lose our reserve currency status.

1:15.2

Now this according to Zero Hedge which reported over the weekend and I think they were

1:19.5

really the first to cover this and I'll even just sort of quote what they're saying.

1:24.0

Several days ago we were the first to point out two new striking developments on the

1:27.5

Dollar's crusade to lose reserve currency status after hitting one trillion in late 2023 interest expense

1:36.3

on the debt rose to a record 1.1 trillion which we covered here on this show in

1:41.5

late March and while US debt is now rising at a pace one trillion

1:45.6

dollars every three months. How is that sustainable? If your family's future is

1:52.3

tied to the US dollar and you're worrying about

...

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