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Learn About Bit
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Bitcoin Enthusiast Internet Age Economist Check me out on YouTube! https://youtube.com/@LearnAboutBit?isi=UYw7t2YXFXb_AUg_ TikTok ๐Ÿ‘‡ https://www.tiktok.com/@learnaboutbit?_t=8jrlqB5p5gJ&_r=1 Instagram ๐Ÿ‘‡ https://www.instagram.com/learnaboutbit?igsh=YzVkODRmOTdmMw%3D%3D&utm_source=qr Instagram: @learnaboutbit X: @LearnAboutBit1 TikTok: @learnaboutbit
President Trump has proposed the idea of a 50-year mortgageโ€ฆ Why? In an effort to make buying a home more affordable. Hereโ€™s the idea: Spread the loan out over a longer period of time, reducing the monthly payments. With lower monthly payments more people may be able to afford taking out a mortgage. Is it a good idea? For the borrower, I would say yes. Lower monthly payments allow more people to afford a mortgage. The total dollar amount of the loan is more, however as we know the dollar is losing value over time. By the time the borrower pays off the loan (if theyโ€™re alive) that total dollar amount will be worth significantly less. For the lender, I would hate this! 50 years is a long time and with that time there is a lot of risk. The main risk for the lender is the dollar losing its value. If a lender lends money for 50 years at a fixed interest rate (ex: current 30-year mortgage rate is between 6-7%) and the inflation rate goes higher (ex: 12%) then the lender is losing value. Based on the dollars past performance I would say there is a high probability of inflation rising higher than current mortgage rates. Thereโ€™s also a high probability that the dollar isnโ€™t even around in 30-50 years. For this reason I find it hard to believe that lenders are going to be comfortable with this idea, especially as the dollar continues to weaken. New video on 50-year mortgages coming later this week! #mortgage #dollar #interestrates #home #trump image
New video! We recently got news that OpenAI is looking to go public at a valuation of $1 trillion as soon as next year! In this video we cover the news and analyze the investment opportunity. Check it out on YouTube โฌ‡๏ธ #openai #ai #chatgpt #investing #sora #grok #x #ipo #deepseek #artificialintelligence
In the past couple of days Iโ€™ve seen multiple reports confirming some of our concerns when it comes to AI replacing jobs: Meta just cut 600 jobs in their AI department Amazon is planning to replace 600,000 jobs with robots by 2033 It seems like this will become a common trend moving forward. What do you think are some of the better fields to move into that wonโ€™t be as affected by artificial intelligence? #ai #meta #amazon #jobmarket