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All that talk of putting home equity into bitcoin... The big players have been trying everything to unload bitcoin onto the public - floating the idea of gover

All that talk of putting home equity into bitcoin... The big players have been trying everything to unload bitcoin onto the public - floating the idea of government having a "strategic bitcoin reserve" and other nonsense. Now this? On a related note, the US housing market is overdue for price collapse part II. I'm very interested to understand what's holding them up so high - increasing even as interest rates rise. How? Is it just all that Covid money still sloshing around the economy?

shigawire 1y ago
In my locality it is a lack of supply
StanislavPetrov 1y ago
>I'm very interested to understand what's holding them up so high - increasing even as interest rates rise. Mostly lack of liquidity. Unless forced, very few people who are sitting on a 2% mortgage are going to sell and take on another mortgage at 8%. Supply has gone up a little since the Covid lows but it still nowhere near where it was during the last collapse in 2007/2008 when sellers were legion. https://en.macromicro.me/charts/32/existing-home https://en.macromicro.me/charts/32/existing-home