Garry Gensler told the Financial Times that AI could cause a financial crash as soon as the late 2020s or early 2030s.

It is ‘nearly unavoidable’ that AI will cause a financial crash within a decade, SEC head says::undefined

  • eek2121@lemmy.worldEnglish
    41·
    9 months ago

    I bet every single one of them bought prior to the bubble and rate increase that started during the pandemic.

    You are outta your mind if you think they are dropping $100,000-$300,000 for a down payment on a house, only to turn around and pay $3,000-$6,000/mo for a mortgage.

    Those properties you see being sold are wealthy folks using them as investment vehicles.