alphacyberranger@lemmy.world to World News@lemmy.worldEnglish · 1 year agoRussia hikes interest rates to 15% as inflation soarswww.bbc.comexternal-linkmessage-square73fedilinkarrow-up1341arrow-down16
arrow-up1335arrow-down1external-linkRussia hikes interest rates to 15% as inflation soarswww.bbc.comalphacyberranger@lemmy.world to World News@lemmy.worldEnglish · 1 year agomessage-square73fedilink
minus-squareSuckMyWang@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down2·edit-21 year agoIf home ownership is 90% that doesn’t sound like a big problem for the country. If only 10% are renting or looking I can’t imagine that would have much of an impact on prices with demand being so low. Business investment is a problem for sure
minus-squareKevonLooney@lemm.eelinkfedilinkEnglisharrow-up3·1 year agoPeople have children and need to get a bigger place. Or their children grow up and move out, so they downsize. Higher interest rates keep people in places that don’t fit them because it’s more expensive to change.
If home ownership is 90% that doesn’t sound like a big problem for the country. If only 10% are renting or looking I can’t imagine that would have much of an impact on prices with demand being so low. Business investment is a problem for sure
People have children and need to get a bigger place. Or their children grow up and move out, so they downsize.
Higher interest rates keep people in places that don’t fit them because it’s more expensive to change.