The Enormous Credit Crunch! The Impact of Housing and Consumer Debt!

Hi Everyone, 

We are seeing a crunch of credit that we have never seen before due to the Federal Reserve Bank trying to tame inflation. Our economy thrives off of credit, and with credit getting tight, we see consumers not being able to spend as much. 

Interest rates have been increasing, and it is becoming more difficult for the average American to buy a home.   Some of the high-level topics are as follows: 

- Mortgage rates going back up to 7% from 8% last year
- Home prices remain elevated while interest rates approach all-time highs
- Average home buyer needs to make $140K to buy a home when they only make $80K
- An avenue to correct this bubble is for unemployment to rise

Overall I think in Q3/Q4 we will see things start to soften, and with that prices will start to normalize for the everyday working American. One thing is for sure, while credit contracts and expands, holding bitcoin as the bearer asset tends to remain a steadfast path for many people across the world. 

What are your thoughts on the housing market? Will Bitcoin be an avenue for people to 

Bitcoin Rich List URL: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Bitcoin Buys: https://invite.strike.me/2MSTYG

Bitcoin Address: bc1q7mahtup2zwnshwjppc5rqxcn0ydg5k5h4j3npth6vtxjdum2c2eqvx53ck

Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.