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Home Team | PBD Podcast | Ep. 311

PBD Podcast

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Rising Rates: The Mortgage Crisis Revisited

This chapter explores the impact of soaring mortgage rates on housing affordability and potential homebuyers, showcasing the increased income necessary to secure a mortgage today. It highlights the challenges faced by subprime borrowers in both housing and car financing markets, along with the recent financial struggles of WeWork. Through detailed analysis and personal anecdotes, the chapter compares today’s economic conditions to those of 2008, emphasizing the implications of rising interest rates and default risks.

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