U.S. Debt Surpasses GDP: Why Mortgage Rates Could "Spiral" From Here

The national debt just hit a dangerous new milestone, surpassing ⁠GDP⁠—and the last time this happened, we just ended a world war. You already know the U.S. is heavily in debt—most Americans do—but nobody is asking the right question: at what point does this spiral out of control and force something in the economy to break?  Today, Dave is unpacking the next steps and the scenarios that could unfold once our debt reaches a point where our options to solve this become dangerous. And the effects could be massive for ⁠real estate investors⁠, unless they begin preparing themselves now. First, we’ll go over how we even got here, what makes up the majority of our national debt, and what we can cut to end this out-of-control spending. Next, the two scenarios, one of which could put real estate investors in a dangerous position. Dave is preparing, starting now, even if the worst effects don’t hit for years.  With no sign of either political party meaningfully lowering the debt, this ...