Independent thinking for complex markets and current events
The crippling impact of soaring mortgage rates was laid bare today with estimates that 1.4million Britons face losing at least a fifth of their disposable income. Figures compiled by the respected Institute for Fiscal Studies (IFS) think-tank show that across the country, people are set to pay nearly £280 more each month, rising to nearly …
https://www.youtube.com/watch?v=GsJo-iqhgNQ 90% of Americans say that owning a home is a key part of the American dream. But today, more than half of them believe they will never own their dream home, and about 70% of U.S. households can’t afford the average-priced home, especially when considering that mortgage rates have more than doubled since 2020. …