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If house prices crash (properly) and interest rates go up - as newspapers print pants

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    #1

    If house prices crash (properly) and interest rates go up - as newspapers print pants

    Defaults shall surely follow...

    What happens to those renting? People still need homes, will demanded for rental properties increase in this scenario?
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
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    #2
    Originally posted by scooterscot View Post
    Defaults shall surely follow...
    The flat I live in was repoed by bank in 2008 and they are still refuding to take 30% hit on their mortgage - hope it will be 50% next year!

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