3 ms·
> but in Europe inflation rise mostly driven by energy costs For now, yes, if you happen own your own place. If you don't already own it, your rent or planned
by ChuckNorris89 5y ago
> but in Europe inflation rise mostly driven by energy costs
For now, yes, if you happen own your own place. If you don't already own it, your rent or planned house purchase will go up as well from the increased demand from the 2.5 million of refugees already here and millions more on the way as the war goes on.
Whatever is left of the EU middle class who aren't real estate owners will be obliterated.
- physicsguy 5y agoEven if your place is mortgaged - most people in the UK for e.g. are on short fixed interest rate deals, usually 2 to 5 years. If you're on a shorter term deal and your interest rate increases at the end, you're going to struggle to pay your mortgage.