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The debt in the current world economy is unheard of, and the cost of housing is getting out of reach of first home buyers. Something has to give at some point.
by xupybd 5y ago
The debt in the current world economy is unheard of, and the cost of housing is getting out of reach of first home buyers. Something has to give at some point.
If interest rates rise in the next 10 years then I suspect many will be left with mortgage payments they can't afford.
- mschuster91 5y ago> If interest rates rise in the next 10 years then I suspect many will be left with mortgage payments they can't afford. Sure, but there will always be a bigger (Chinese) fish to eat you(r investment). If there is one thing this world does not lack, it's a bunch of individuals and investment funds looking to make money on rent.
- xupybd 5y agoOof a Chinese land grab after a mortgage crash. That's a bad future. I really hope that doesn't happen.
- SuoDuanDao 5y agoSurely though, it isn't a given rents will stay high in places where they're currently high? No one's trying to make money on rent in, say, Detroit.