Credit Cards Are Preventing the Housing Crash...

Welcome back to the Real Estate Rundown! A theory popped up on TikTok from user @dylanjpalladino stating that the economy isn't crashing because of the little treats we give ourselves. One little drink or snack here or there on your credit card. It doesn't seem like too much, but it is enough to stimulate enough growth in our economy. But with credit card debt being at an all-time high, is this growth just being propped up by debt and not actual cash? And does this uncertain spending influence the random spikes and declines in interest rates? The DOJ released a statement of interest on the Nosalek Commission Lawsuit settlement. Stating that they don't believe they did enough to settle and was just a payment rather than a structural change.

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Resources:

Who is selling in 2024 - https://app.gohighlevel.com/v2/preview/P5J9mMNBQ9GN5L17h3wC?notrack=true

Treat theory - https://www.tiktok.com/@dylanjpalladino/video/7337359395438857518?_r=1&_t=8k2nvurWOa3

DOJ Not happy - https://www.housingwire.com/articles/doj-advocates-for-prohibition-of-cooperative-compensation-in-nosalek-commission-lawsuit/

DOJ Statement of Interest - https://www.justice.gov/d9/2024-02/420087.pdf

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