If interest rates are 18% the crash will be so hard that some residences can’t be given away (in undesirable locations) because the tax and maintenance will be

If interest rates are 18% the crash will be so hard that some residences can’t be given away (in undesirable locations) because the tax and maintenance will be higher the home value, and the economy will be fucked. You will probably be out of work. If you can get a job as a liquidator and have lots of cash as it’ll be hard to borrow at all. The last black swan like that was probably before my time (1980s) but maybe the ERM debacle in the UK was close.