Saudi Arabia officially shifting away from the petro dollar -- effect on RE?

[Catherine Ding]

Looks like the petrodollar deal just expired and Saudi Arabia has said it does not plan to renew... what are your thoughts on how this will impact real estate? Everyone's waiting for interest rates to fall but not sure if that's going to happen now. At the same time it's probably best to be buying right now to hedge against inflation? Interested in hearing what others think