High mortgage rates affect owner occupiers just as much as potential landlords, and possibly even more. Landlords are likely to be much more cash rich than own

High mortgage rates affect owner occupiers just as much as potential landlords, and possibly even more. Landlords are likely to be much more cash rich than owner occupiers. High rates are a serious impediment to first time buyers especially, who need to take on lots of debt to fund their purchase. Especially as rental rates increase during periods of high rates (note that landlords are like to increase rental prices to try and keep afloat, and developers are less likely to build when it’s more expensive to do so).