618 what not to do in a rising interest rate environment + more
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The Impact of Rising Interest Rates on Developers
CNN's John Defterios is concerned about the impact of rising interest rates. He says a rumor has emerged that developers in Newcastle have stopped work on an apartment building because they haven't been paid. This got him thinking, did the pinch on the interest rates increasing catch the developers by surprise? And how would slowing down deposits and purchases of the plan affect that?Defterios: I think we need to be even more cautious in this environment.
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