Falling House Prices. Should I feel less wealthy?
Episode 35, Nov 15, 2022, 04:33 AM
Dr Brendan Rynne, KPMG Chief Economist and Burgernomics host, Ross MacDowell discuss 'The Wealth Effect' when we increase our spending based on our homes rising value, which recently have skyrocketed.
Interest rates have risen and our home's price has dropped.
We should feel anxious and reduce our spending....but we haven't!
Why not?
Does this mean interest rates will continue to rise?
Is an increase in unemployment a possibility?
How long before interest rates stabilise, house prices stop dropping and the 'good times' return?
Interest rates have risen and our home's price has dropped.
We should feel anxious and reduce our spending....but we haven't!
Why not?
Does this mean interest rates will continue to rise?
Is an increase in unemployment a possibility?
How long before interest rates stabilise, house prices stop dropping and the 'good times' return?