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Note that this is not the same worldwide - for example, in the UK mortgages are typically not fixed rate for a long time, and so interest rates are a much more
by jen20 2y ago
Note that this is not the same worldwide - for example, in the UK mortgages are typically not fixed rate for a long time, and so interest rates are a much more useful tool for the Bank of England to cause economic pain.
- tossandthrow 2y agocause economic pain -> reduce spending. That is certainly one of the cool things about entering the housing market: Now you are a monetary instrument.
- WheatMillington 2y agoTrue here in New Zealand too, and across most markets in the world outside the US.