Would there be an affect on currencies and interest rates...yes.....but probably not as dramatic as you would think, because again, someone actually has to buy the assets being sold.Also there is a long term correlation between mortgage rates and the Fed funding rate....but there may not necessarily be a short term correlation.  

Leaving the Eurozone if a debt writedown isn't forthcoming seems to be Greece's best option, as it restores the biggest tool in the economic arsenal to their control: currency valuation.

I love a good conspiracy like the next guy/gal, however common sense tells you our currency isn't worth the paper it's printed on.  

I was curious on how owning and renting properties in different countries work with taxes, financing, currency exchanges, etc.

I think it has been over valued for awhile and the currency manipulation in China has a large effect on everything as well.

About your interest in my market: Brazil has entered into a recession and is now fighting against a political crisis, where congress and president can't agree on fiscal adjustments that must be made to "stop the bleed", Not to mention that currency devalued over 50% in the last 18 months (think of inflation in a recession environment), unemployment rise, and interest rate up at 14.25%, hence credit became scarce and expensive.In this light, construction industry, that represents 10% of our GDP, is among the ones that are suffering the most: prices going down, growing unsold inventory (24 months in certain zip codes), etc.

That is, the Ringgit will eventually recover and I see this as nothing more than an opportunity to buy what's already cheap real estate at a cash discount.The flip side, of course, is you'll receive rent in a depressed currency so you either have to spend the money locally (buy more property?)

I have a deep background and knowledge of trading stocks and FX (currencies) for about 4 years with personal accounts but now want to learn about REI.

., you will be at a competitive disadvantage when it comes to many major forms of financing, especially given the currency headwinds you're facing in Oz.

The problem with investing in foreign markets is you risk the chance of a currency decline."