Let's talk about the national debt. It has been a big topic and a big problem for a long,

long time. But in recent weeks, it's been making more and more news and fears of the ever-increasing

debt are starting to have real-life impacts on the economy, and the risk for potential impacts

is growing more and more.

So today, we're doing a deep dive into how the national debt impacts everyday people and investors.

Hey, everyone, it's Dave Meyer. Welcome to On the Market.

Thank you all so much for being here. You may notice if you're

watching this on YouTube, don't have the usual background going on right now. I moved into my new

house just a couple of days ago, so please bear with me while I rebuild my studio, but hopefully

our video and audio quality are all fine for our big topic today, Because today's topic is really important, the national debt.

You've probably heard about it. You probably know that we got a lot of it.

We have a lot of debt in this country.

But I'm not sure everyone fully understands what it means that we have this large national debt

and how this actually might play out logistically

in the lives of ordinary Americans and specifically how this could impact real estate investors

and the housing market. Because I think as real estate investors, we typically most of us know

something about debt. Real estate is a highly leveraged asset class. Most of us use mortgages

in one shape or form during our investing career. And we know that debt can actually be used

beneficially when it's done in a responsible way. But debt can also be quite risky. So today I'm not

just going to be talking about sort of like the big picture number of how much debt we're in.

You could look that up.

I'm going to instead give you a little bit more history on how we got to where we are today.

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