Rising mortgage rates will put downward pressure on all real estate prices.
In this video, I'm talking about how the rising mortgage interest rates will put downward pressure on all real estate prices. The payment on a $300,000 mortgage has risen 66% from $1,267 to $2,100 as an example. Everyone's borrowing power is going down so all real estate will see some degree of devaluation.
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My Iranian friend Nadia talks about the protests in Iran.
My new friend Nadia talks about the protests in Iran. She grew up in Iran then moved to Turkey for four years and then move here to Colorado. She has good insight on what is going on in Iran.
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The Strategic Petroleum Reserve is being depleted quickly.
The Strategic Petroleum Reserve is being drawn down and depleted at the rate of 1 million barrels a day. 2 years ago it had about 640 million barrels and has a capacity of 714 million barrels. Now, it's about to dip below 400 million barrels. This is very dangerous
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