total mortgage debt is double than going into GFC of 2008yikes , combined with over double gas prices and well over double food prices how will people cope with quickly rising mortgage rates ?
...and central banks unable to stimulate in rapidly rising inflation
i hear some say the FED will quickly pivot and reverse course but lets be real here that will take at least 1 year of pain before inflation is tamed
which means by spring next year you have massive spike in foreclosures