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E129: Sam Altman plays chess with regulators, AI's "nuclear" potential, big pharma bundling & more
All-In with Chamath, Jason, Sacks & Friedberg
Spike in Interest Rates Making it Unaffordable to Buy a House
Interest rates spike has made it unaffordable to buy a home./nMortgages are at 7% or higher, making it difficult for people to afford houses similar to before./nConsumer confidence is plummeting, potentially contributing to the low interest in home-buying./nThe low interest in buying homes is an economic indicator of shakiness in the market./nPeople may not be able to move because they can't afford to buy a new home and sell their current one.
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