3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC123: The Legacy Banking System in Shambles w/ Alf Peccatiello (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Stress of the Real Estate Market

Preston: The system was too much artificially compressed and stable. Mortgage rates in the US have gone up from 3% to 7%. We are seeing housing sales down 40% on a year on your basis. Buyers are cut out. They can't afford. Sellers are trying not to sell because why would you sell if you're not forced to?

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