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If you’re a small time landlord that owns 1-3 places right now that you bought less than 10-15 years ago, any interest rate hikes on your mortgages is likely to put you in a very bad spot. A lot of these rate increases are no doubt due to those landlords having to refinance at significantly higher rates. Give it a few months and I bet you’ll see the rental market drop.
Lol would be interested to see how this plays out
Only way it drops is if renters can't afford anymore and move elsewhere.. and for that there likely has to be a spike in unemployment. And with that we could actually see housing prices tumble.
Unpopular opinion: this makes me happy (as I need to rent my 2 bed suite).