Reply To: Mortgage rates in the future
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November 16, 2022 at 15:12
#177510

Participant
Difference is, it’s not really the same kind of commitment. Once you come to the end of the contract you can get out of there. With a house you’ve paid a massive upfront deposit which you now stand to lose – home repossession is a nasty business!
Don’t want to be rude but I feel like you probably are a homeowner? Renting when the prices are sky high is awful. And they’re always rising. I’m not saying that interest rates aren’t going to be a challenge for homeowners but I would love the kind of energy spent worrying about homeowners focused back on Generation Rent.