Reply To: Mortgage rates in the future
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.