Quote:
Originally Posted by MickeyDickey
How does that affect Buenos Aires? Homes are bought and sold in US dollars
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Stronger US Dollar = lower real estate prices, not just in Buenos Aires, but here in America as well. Why do you think the FED has been killing the dollar with QE and ZIRP since 2008?
If rates are rising, then real estate prices need to come down. Americans can't afford to buy a house now when interest rates are still low, how can they buy in the future when rates go up unless prices come down?
Good Luck