Yup. See plenty of people here in the UK gleeful at the prospect of falling house prices onset by higher interest rates. Overall housing affordability for the

Yup. See plenty of people here in the UK gleeful at the prospect of falling house prices onset by higher interest rates. Overall housing affordability for the average person who needs a mortgage is still worse now because house prices haven't fallen enough to offset the rate hikes. Literally the only people who will benefit are cash rich wealthy who don't need to borrow, and landlords who can use high rates and high inflation as an excuse to put up rents.