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Europe and China: Already In Recession | Paul Hodges
Forward Guidance
What Happens When Mortgage Rates Double?
When mortgage rates double, it gets much more expensive to buy a house. The the monthly payment ansopagis justthe capital of the capital cast. That is how much the house is worth, exactly. So now i'm in the position where i own a house, and i'm actually quite keen to sell because of debt, divorce and adnda death. And that's when the markets, it exactly goes up. It platos and then it comes down. House prices don't tell you a lot about afordability but they do tell you that you've got a problem coming along the line.
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