Welcome to Real Talk Real Estate, the show where we cover how to build wealth in real estate with no fluff, no BS, and no sales pitches.

I'm David Green, and I've been doing this for over 10 years. I've seen the ups, the downs, and everything in between.

This is the show where we pull back the curtain and show it to you too.

So if you want to build wealth through real estate or you just love learning about it you found your home what's up

everyone this is real talk real estate i'm david green he's christian bachelter and this is mortgage

monday we've got an update here for you for the first time probably in my lifetime u.s debt has been

downgraded by moody's that's the, what would you call them, Christian?

They're not a company.

Like, what are you referring?

They're a rating bureau.

They're the people responsible for grading investments, so to speak, kind of really

dumbing it down.

But they're a rating bureau that grades investment mechanisms.

That's it. Now, these are the people, they're kind of like

the Kelly Bluebook system for debt. Maybe that's a good way to put it. They tell you, hey, this is what you

should expect from the person you're buying the debt from as far as their ability to repay.

And they downgraded the U.S. from AAA to A.A1, which is the first time I've ever seen that the U.S. was actually downgraded.

And this was as a result from increasing debt and interest payments that are higher than those

of comparable sovereign nations. So because the U.S. spends more money every single year than what

we bring in from tax revenue. We have to sell

bonds to make up the difference. When we sold those bonds, interest rates were really low. The Fed has

raised interest rates to combat inflation, which means that even though money doesn't change hands

...