Owning your own home

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Stonehedge in reply to @8b

The thing is, when the interest rates are 7%, rents will follow suit also. Landlords need to cover their mortgages...

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NickCJ in reply to @Stonehedge

I agree that rental yields will go up, but this will happen mostly because property values go down, not because rents will rise. I don’t see how there is any additional ability to pay when the average rent as a % of net income is trending towards or even above 50%

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