Couldnt agree more. Alot of people will get squashed
when rates rise, it happened in the early 90's, but
debts were nothing compared to today.
I'd not be surprise if rates were 10% within two years, making the situation far worse than that of the early 90's
slump.
I sold my property in Aug and it's on the market for 30K less now as the people that bought it had trouble getting enough rent to cover there mortgage.
Rgds,mode
