Crypto Gains Let Poor People Buy Houses, U.S. Research Finds, But Risks May Lurk

Quick Summary:

Treasury Department's researchers were watching out for crypto risks, but they found digital assets enthusiasts with otherwise low incomes were buying homes in recent years at a high rate.

The high-crypto, poor areas have apparently used crypto gains to obtain mortgages and car loans, the Office of Financial Research found, but the delinquency rates on the debt have been low.

This cohort of the population is still worth watching for emerging risks if the markets take a turn, the paper noted.

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Article Details

Author / Journalist: Jesse Hamilton

Category: Crypto

Markets: United StatesCubaIraq

Topics: Treasury Department Debt Policy Regulation Mortgages

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 20:48:08 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 23897944

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Main Topics: Crypto

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