Leister

about this mortgage rate business and they, and they were talking about, well, if you drop the rates, it's going to raise the price of homes, right?

And with this ties to silver and I'll get to it.

But if you drop the mortgage rates, it raises the price of homes.

They are correct.

Basic macroeconomics.

What they're missing is think of what that means.

A higher priced home,

but a lower interest rate, you're paying less interest to the banks, but you're getting more equity as you pay the home down.

The equity benefits you, the interest benefits the banks.

The real impact, years ago when they introduced the mortgage interest deduction,

It was designed to offset the increase in mortgage interest rates over time by giving you a deduction to help, you know, insulate that burden.

If you drop the mortgage interest rates, you're going to have a lower deduction come tax time because you're not paying as much.

The burden is not realized upon you up front.

So you should no longer be entitled to the same amount of deduction on the back end.

but people have become dependent on tax credits and deductions, which are frankly a scam.

And so there's going to be an impact.

And that impact is going to be mostly on who the upper middle class, largely the upper class, but I would say the upper middle class,

The lower class will be impacted because subprime subprime loans often have higher interest rates.

The higher interest rates usually pair with plans and programs that are designed.

They promote the tax deduction to help offset what it takes to afford the home.