Home › Forums › Housing › Weak Dollar is bullish for Real Estate › I think the question’s too
I think the question’s too complicated to answer at this point.
Weak dollar means higher gas prices (all things being equal of course) which kills property values in outlying areas.
Weak dollar means U.S. wages are lower relative to other countries, which reduces the incentive for immigration.
Since just about everything we buy is imported, weak dollar leaves less $$$ to pay for housing. So FBs will have a harder time making their payments.
A weak dollar would help the manufacturing sector, if we had any to speak of. Maybe in Seattle … people still buy stuff from Boeing and Microsoft.
I see how it could help some industries, such as education and cosmetic surgery.
But yeah, maybe wealthy foreigners will swoop in to buy San Diego and Miami condos at (to them) ludicrously cheap prices.
