I can offer my own insight on the matter from the UK perspective, and the story is extremely similar here. My own little town has dozens of houses for sale which have been on the market for six months or more. Nobody is foolish enough to buy when the interest rates are so high and keep climbing.
And in Bulgaria we have historically low interest rates and an overvalued real estate market. We are joining the euro zone next year. I expect interest rates to rise. And since almost all mortgages have variable rates, we may get a crash.
The secondary title says:
So yes, I believe that there's a fair chance that it doesn't apply to Europe or Canada, and is actually about the United States.
I can offer my own insight on the matter from the UK perspective, and the story is extremely similar here. My own little town has dozens of houses for sale which have been on the market for six months or more. Nobody is foolish enough to buy when the interest rates are so high and keep climbing.
Worry not cuckadians north of the USA : the federal government is handing money to non-Whites to buy houses. For ''equity''.
And in Bulgaria we have historically low interest rates and an overvalued real estate market. We are joining the euro zone next year. I expect interest rates to rise. And since almost all mortgages have variable rates, we may get a crash.
I'm just a blind retard apparently thanks for pointing it out