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I'd expect rents to raise at least as much as mortgages, so until the next 2008-style house price crash nobody who bought a house during the pandemic is losing
by mFixman 4y ago
I'd expect rents to raise at least as much as mortgages, so until the next 2008-style house price crash nobody who bought a house during the pandemic is losing money.
- nine_zeros 4y ago> I'd expect rents to raise at least as much as mortgages, so until the next 2008-style house price crash nobody who bought a house during the pandemic is losing money. This rise in rent stops as soon as unemployment starts increasing, which in the US it already has.
- gpderetta 4y agoI kind of expect that, instead of the prices crashing in nominal terms, they will be inflated away by a few years of high inflation.