Interest rates are rising and that means mortgage rates are too. There is simply no way the people can handle much more. The clock is ticking…Tick, tock. Tick, tock…
Are housing/rent prices “affordable” in your area? Let me know where you are. Any city/country around the world.
As real estate prices rise, they are met with an obstacle: Rising interest rates. Look at where they were a couple years ago compared to today. They were at historic low and have since risen to multi-year highs. The average person cannot afford more debt. It’s mathematically impossible. So there is only one result: Government must intervene, or prices must fall.
Mortgage rates reach seven-year high in a housing market reckoning – MarketWatch
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S&P/Case-Shiller U.S. National Home Price Index | FRED | St. Louis Fed
fred.stlouisfed.org/series/CSUSHPINSA
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- House price to rent ratio in Canada 2014-2018 | Statistic
www.statista.com/statistics/592142/house-price-to-rent-ratio-canada/
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