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What happens when the interest rates go back up? Let's say they go from < 1% to > 10%?
by bamboozled 4y ago
What happens when the interest rates go back up?
Let's say they go from < 1% to > 10%?
- geysersam 4y agoIf we're lucky, the market recalibrates on a more affordable level. Workers start seeing real wage increases. Speculation and stimulus gives way to real economic development. If we're unlucky, the interest rates are not allowed to increase for fear of falling house prices.