The dollar’s drop in value and its impact on real estate

In a recent investors call, a question was raised about the downward shift in the demand for the US dollar, especially the petrodollar, and the potential effects on real estate values. Joe Berko, founder and CEO of Astor Realty Capital, writes on the impact the US dollar can have

While the US currency is the most reliable globally and represents 90% of the world transaction volume, by comparison, the Chinese yuan currency represents nearly 1% of Global transactions and the British pound, the euro, and Japan represents combined represents the remaining 9%. Yet, the facts are that the US dollar dropped by as much as 15% compared to foreign currencies and precious metals, namely gold has jumped to $22,000 per pound representing a 20% increase...
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RSK: I think the author nailed it on this subject.