China's Evergrande To Default On 300 BILLION DOLLARS IN DEBTπ€―ππ€―π Should We Be Worried π¨ π¨ π¨ (Mindset)
So today, we're taking a look at some global news as we discuss Evergrande, China's largest real estate developer. There have been rumors that Evergrande will be defaulting on $300,000,000,000 in real estate, and global markets have started to shift in response. Americans should be all too familiar with the concept of loan defaults; the mortgage crisis of 2008 spurred a global recession based on the collapse of sub-prime mortgage backed securities. So although today's troubles might seem a world away, we understand that globalization and the interdependency of international economies means no one is safe from feeling the shockwaves of a collapse of this magnitude. Have we scared you enough yet?! Well, fear not. As G.I. Joe once said, "Knowing is half the battle," and we make sure we do our part to keep our listeners informed so they can make decisions to secure their future. Listen in as we break down what to expect, and don't let anyone pr any circumstance stop you from accomplishing your real estate goals.
Mentioned in today's episode
Propstream
Launch Control
Foreclosure.com
GoHighLevel
RentReporters
Here's a link to the article Donny discussed in today's episode:
China's Embattled Developer Evergrande Is On The Brink Of Default. Here's Why It Matters
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