This article is BS. If 81% of people have mortgage less than 6% they are NOT trapped. Their mortgage payments are not increasing. Mortgage payments only increase when people do stupid things like buying a house and assuming a mortgage more than they can afford. Inflation is a different story. Things do cost more but smart consumers find a way to compensate. FYI…. Don’t believe everything you read!!
This is why inflation is a government-induced problem: When things go REALLY awful, they have no other solution. Because if they had a real solution, they would have tried it before the iceberg is visible from the stern.
This article is BS. If 81% of people have mortgage less than 6% they are NOT trapped. Their mortgage payments are not increasing. Mortgage payments only increase when people do stupid things like buying a house and assuming a mortgage more than they can afford. Inflation is a different story. Things do cost more but smart consumers find a way to compensate. FYI…. Don’t believe everything you read!!
This is why inflation is a government-induced problem: When things go REALLY awful, they have no other solution. Because if they had a real solution, they would have tried it before the iceberg is visible from the stern.