2 rate cuts coming, page-164

"so in 5/ 7 years max they will not be able to afford to pay off their home and will have to sell and go back to renting."

when retail was 9% + the 90 day default rate hardly changed.
I doubt your statement has any merit, and 9% retail will mean the economy is humming.

In 5-7 years, you also hope many households can increase their income and provide a further buffer, as have fixed their debt at todays $