American have been buying house with cheap cash credits. House...

American have been buying house with cheap cash credits.
House prices have been going up with the Shale revolution.
Chinese have been asking their relatives to borrow and invest in properties as well.
If rate is lifted.

They're going to sell their investment houses.
The Shalers are unable to sell their assets due to low oil price. They cannot draw out more light oil due to depletion and They can't borrow more due to a higher rate.

Is there going to be another housing crisis and shale crisis. BANKS are in deep sh#t to hold those cheap assets in a struggling debt pools.