The U.S. Has More to Lose Than Russia – Ep 787
The Peter Schiff Show Podcast
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What Would Happen to the Real Estate Market?
What would happen to the real state market if interest rates were ten %, meaning that maybe the cheapest mortgage you could get was 12 %? How many americans can afford to buy real state at today's prices? They could barely afford the prices we got now. With three % mortgage rates, the real estate market would crash. What about corporate America? All this debt that's out there, corporations of an selling all this low yielding debt and they've been using the money to buy back their overpriced stock. And what's going to happen to corporate earnings when their customers are spending all their money on debt service and can't buy their products? The stock market is going to crash.
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