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Raoul Pal on The Spencer Lodge Podcast

Raoul Pal: Real Vision

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Can You Afford to Pay Your Mortgage?

With interest rates going up, the cost of borrowing goes up. People's mortgage payments then go up. And so if they've got a budget of a couple of thousand dollars every month to be able to pay their mortgage, where does that money come from? Which then means people can't afford to pay their mortgages. Then there's the risk of default, the banks takeng the properties back, or people trying to get out of those properties or that debts as easily as they can. Yes. Indu bikes, rates go up and everything else. So you will see some of that. But you've you have thee secular things the balance it out. The us.

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