
With interest rates going up, housing market is heading down
The David McWilliams Podcast
00:00
Is There a Contagion in the Property Market?
Don't look at property as your house. Look at property for the purpose of this discussion as a global ase clas where the potential contagion from higher interest rates is so obvious and it's so evident. The last crash was all about income. O didn't have the income to pay yes er det ye. This is all about interest rates. Income is fine, but interest rates are rising really quickly because inflation is rising rarly. That can pos because we've loned t people. And women. Forget the fact that we've loaned to people. That will make no difference. Because what's actually going to happen here is interest rates are going to set the tone.
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