Hello, fellow rebel capital soap you're well.

So I wanted to go over a recent article from the Wall Street

journal that talks about how the real estate market is broken

and how there are all these unintended consequences that are

rippling through the economy or all these knock-on effects that are impacting

the economic output for the United States and how a lot of these could be severely

detrimental moving forward.

We could see an economic decline simply what is happening by this broken real estate market.

I'm not talking about prices going down either.

Check out this article from Wall Street Journal and you'll see what I'm referring to. They bring up some very good points.

Topic, excuse me, the headline, America's frozen housing market is warping the economy.

Cheap mortgages are forcing millions of homeowners to stay put.

We know that that's not news, but the insights they give,

these knock-on effects, I think that's valuable. This is becoming a problem well beyond the property market itself.

So we all, I'm not going to read the first couple paragraphs here because you all know the story.

People have a 30 year fixed rate mortgage at 3%, so they're just never ever going to sell their

house because if they sell their house, then they go to a 7 or 8% mortgage, they can only buy half the house they have right now.

So that means they're never going to move. That means they're never going to take another job.

That means really what you see in a labor market that is frozen in addition to a

housing market that is frozen is an economy that isn't running on all eight

cylinders the level of production, the creation of goods and services is slowing down.

And at the end of the day, that is how you measure the strength of an economy or the wealth.

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