4 ms·
Why would it collapse? Nobody is able to afford to buy/live in your property anymore. If you don‘t find buyers/renters how will you manage to pay off your inve
by oaw-bct-ar-bamf 4y ago
Why would it collapse?
Nobody is able to afford to buy/live in your property anymore.
If you don‘t find buyers/renters how will you manage to pay off your investment credit you took out at 95%credit rate while only covering contract signing fees at ~1% interest with 10year stable interest.
Once interest is adjusted after 10years to 4-5% you (property owner that can’t find any high paying renters) are fucked
- konschubert 4y agoSome people are able to, otherwise it would have collapsed already. There just isn’t enough supply
- nemo44x 4y agoIn the USA your interest rate is fixed for the term of the mortgage. There are exceptions but they are comparably extremely rare. I think you have a good point though regarding places that reset interest every n-years. People will struggle to make payments. It will be interesting to see what happens in places like Canada. I’m guessing millions more people on the governments teet. I assume the current admin wound love that.